median property tax payments as a percentage of income for Essex
Posted in the North Arlington Forum
#1 Dec 11, 2013
I am attempting to determine median property tax payments as a percentage of income for Essex/Nutley for 2010- 2013. Does anyone have this information.
Property Tax Payments as a Percentage of Income 2005-2009
When you consider property taxes as a percentage of income, six New Jersey counties rank in the top 10, while a total of 14 rank in the top 20 most expensive counties in the U.S. Essex, Union, Hudson and Middlesex Counties, all located in close proximity to New York City, all ranked among the top 20 counties in the country in terms of median property tax payments as a percentage of income over the five-year period from 2005 through 2009. In Essex County, residents paid 8.04 percent of their incomes to cover property taxes from 2005 to 2009, while those in Union County paid 7.81 percent. Property tax payments in Hudson County amounted to 7.28 percent of income, while residents in Middlesex County paid 6.42 percent of their income to property taxes. New York City residents fared much better. Property taxes as a percentage of income ranged from a low of 2.88 in New York County to a high of 3.59 in Queens County, well under the rate in most New Jersey counties.
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