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.

منتدى عدلات
ديكورات
اسماء بنات
اسماء أولاد
صور
مساء الخير
صباح الخير
جمعة مباركة
عبايات

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%.