Double digit property tax increase again in 2018 very possible, after election year borrowing

Gloucester Township, Camden County, NJ

On the heels of a 12%, 2016 property tax increase, Gloucester Township is poised to be back in a double digit tax increase again for 2018. The township has bonded more in the past few years in an effort to head off tax increases, but those bills also come due. The down side to all of the borrowing, is that "debt service" allows the township to raise property taxes above the state's 2% cap.

Gloucester Township has had some sizable tax increases in the past, including, 26% in 2010, 9% in 2014, and again an additional 12% in 2016. Those property tax increase have been called timely by pundits, as they have occurred months after the local elections, and the incumbents were re-elected.

In 2017, this is once again a local election year, with the Mayor, and council already have approved a $6.6 Million bond to borrow more money to again avoid another tax increase. It is expected that those officials will try to introduce another "zero" increase in the budget, which is now approximately 42% higher than when they came into office in 2010.

History indicates that the township will indeed increase the budget in 2018, and along with "banking" the 2016, 2% cap allowed, they will add that to the increase that could take the property tax increase well into the double digits for next year.(They have banked the cap frequently on the past) The township appears to be losing residents over these taxes, and more vacant homes are become very obviously visible.

The township budgets are available on the township website, but most residents do not find them user friendly, other say it's impossible to follow.