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How does borrowing and debt effect your property taxes?

Gloucester Township, Camden County, NJ

الوليد When a New Jersey municipality wants to raise your property taxes, the state holds them to a 2% tax increase CAP. The municipality must stay within that 2% if they want to raise property tax on it's residents EXCEPT.......Debt service. The tax increase can go well over 2% if the municipality has debt. Again, the debt service is not included in the state 2% CAP.

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Theoretically, the more debt your town has, the more they can increase taxes above the CAP. Other reasons are described in a story by the Asbury Park Press, called
"Why the 2% CAP is not always 2%.

How do you LOWER property taxes in places like Gloucester Township.

Gloucester Township, Camden County

In it's simplest form, property taxes provide revenue for many services in a municipality including schools, and general services.
Most people agree that we all want good schools, trash pick up, and Police protection, but are we over taxed for those services, and how do we keep them in check?

Townships use many formulas to figure property tax rates. In 2010, Gloucester Township had a town wide re assessment. Your property value mostly went up, some did go down.
The municipal tax formula is rated against that assessed value of your home.

So how do we lower those property tax? Well, it all comes in spending. Whenever a municipal government spends more than it takes in, the deficit needs to made up at some point.
In the case of Gloucester Township, it is not only the mass amount of spending, it is also the huge amount of debt that the township accrues. If you keep increasing the debt, everyone knows that eventually you have to pay your debts. If you add up the amount of debt within the township, including schools, and other entities, you will surely reach a debt of over
$100 Million.

So, the easy answer to lowering property tax. REDUCE SPENDING, and STOP BORROWING, that increases the DEBT

Approximate 12% tax increase. Why are taxes going up again in Gloucester Township ?

Gloucester Township, Camden County

The answer is easy. The answer is always easy.
It is SPENDING. Previous stories in GTNews has indicated that just about every year, Gloucester Township Business Administrator states that the budget must go up
as a result of "storms", and the budget is increased. The following year the budget is prepared for that same number of storms. The next year comes and the same number of storms hit, and they request more money for storms knowing that taxpayers won't remember the money allocated for the storms is already in the budget.

So what happens to that money? Well, according to Gloucester Township Administrator Tom Cardis, “Once the budget lapses, that money is gone,”. Just about every year, it's the same thing.

It's a political game called "tax and spend" and Gloucester Township is at the tops in their field.

What makes this even more difficult to residents is that people are leaving Gloucester Township, thus the tax burden is left to those still here. Who makes up for the loss in taxpayer populations? Those still here, and you are seeing it again this year. Does the Mayor and Council reduce spending? The budget every year does not indicate that.

It actually indicates more of the same. Tax and spend.

Issues that we will continue to follow for the residents of Gloucester Township

The second property tax increase in 3 years.

The "Field of Dreams" and how it can get done THIS YEAR.

Local streets and roads getting filled, but not any better.

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Looking for work is it legal to buy kamagra in uk There is some hope for Apple though, with CEO Tim Cook recently reporting that sales of older, cheaper iPhone models in emerging markets had grown by more than 400 per cent in the third quarter of 2013. With these figures in mind and the iPhone 5C on the horizon, we can expect more good news for Apple in the future.

FACTS are FACTS MAYOR MAYER. They are not to be IGNORED.

Gloucester Township, Camden County May 23, 2015

3dlat In typical Gloucester Township fashion, Mayor Mayer is quoted in an NJ.com story that despite the census numbers, he "feels" that the town is "still growing".
Many residents and taxpayers may whole hardheartedly disagree.
When you look around the neighborhoods of Gloucester Township, it is easy to see that people are leaving. Businesses may be coming, but are they keeping up with the numbers of businesses leaving? When you give a lengthy tax break, or abatement,leaving stores, and local businesses have been seen the township, some heading to nearby Winslow and other surrounding towns.
It has also been noticed, that some of our more recent arrivals have been feeling pressure from the township administration, to have the township incorporated into their store front signs.

Politicians have long since used "census" figures to their advantage, even in township as they have set funding and aid to Gloucester Township by the "numbers".

3dlat

Taxpayers want "growth" to make a difference in offsetting their tax burden. If taxes continue to go up after four "0"s then a 9% increase in the tax levy, the "new" ZERO is now 9% higher. Taxpayers feel growth, when their taxes go down and spending goes down.

Facts are Facts Mr. Mayer. Some times they go in your favor, But don't ignore the facts when they don't.

See Mayor Mayors comments on the NJ.com story at:
المقال

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Current News and Information
11/02/2014 - gloucestertownship.patch.com: Team Mayor Spending for the Nov. 4th Gloucester Twp Board of Education Elections
01/30/2014 - NJ,com: Gunman robs man in Gloucester Township parking lot
09/26/2013 - CBS 3 Philadelphia: Drug Raid In Gloucester Township Yields Quantity Of Heroin, Three Handguns And Child Endangerment
09/21/2013 - NJ.com: Washington Township woman found fatally shot in Gloucester Township
08/21/2013 - Phillynews.com: Gloucester Twp. hopes mall gives it an identity Read more at http://www.philly.com/philly/news/local/20130821_Gloucester_Twp__hopes_mall_gives_it_an_identity.html#jaT8KaQ4QYsVPQop.99
06/25/2013 - 6ABC/Yahoo news: Body found during search for missing woman in Gloucester Township
06/25/2013 - NJ.com: Gloucester Township body to be ID'd with dental records, authorities say
06/20/2013 - NJ.com: Gloucester Township police take first place in New Jersey Law Enforcement Challenge for 2012
06/20/2013 - Phillynews.com: Dumb criminal breaks into Atlantic City Expressway toll machine in full view of camera Read more at http://www.philly.com/philly/news/new_jersey/Dumb_criminal_breaks_into_Atlantic_City_Expressway_toll_machine_in_full_view_of_camera.html#wH
06/14/2013 - NJ.com: Philadelphia Mob case: Gloucester Township man admits to loan sharking
05/24/2013 - NJ.com: Child ejected during two-car crash in Gloucester Township
05/21/2013 - NJ.com: Burglar jumps from Gloucester Township garage roof, arrested, police say
04/24/2013 - NJ.com: Roads closed in Erial area due to oil spill, police say
04/24/2013 - NJ.com: Roads closed in Gloucester Township area due to oil spill, police say
04/02/2013 - NJ.com: Gloucester Township shooting range draws fire from residents

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