WAGNER: 2 PERCENT CAP A KEY STEP FORWARD BUT NOT ENOUGH

(TRENTON) — Assemblywoman Connie Wagner on Wednesday released the following statement on the plan to cap annual property taxes at 2 percent:

“This is a strong leap forward for New Jersey residents who for too long have carried the heavy burden of property taxes. Taxpayers throughout New Jersey now have reason to hope that this tax without a conscience will be controlled.

“Still, this cap is just a piece, not a solution. Capping taxes that already too high provides stability, but not much more. That’s why we really have to start looking hard at fixing New Jersey’s overreliance on property taxes.

“To that end, I’ve signed on as a sponsor of a bill (ACR-102) that is designed to reduce the average residential property tax bill by about 25 percent. I hope this bill becomes a big part of our debate in the coming months as we continue working to bring real relief to taxpayers.”

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