Lawmaker has plan to slash property taxes

Assemblyman Reed Gusciora (D-Princeton) is pushing for a vote he says would cut New Jersey property taxes by 25 percent.

Gusciora wants New Jersey residents to vote on a constitutional amendment to cut the tax. The rollback would likely cause local budget shortfalls, but the amendment would give the Legislature two years to pay towns back for those losses.

"Property taxes are unsustainable in this state," says Gusciora.

The assemblyman says his plan would work "hand in hand" with Gov. Chris Christie's proposal to cap annual tax levies.

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."