New Jersey has the highest effective property tax rate in the country. The median property tax bill is in excess of $7,400.

Can property taxes go down?

I say yes.

Not only can they go down, they can go down substantially, a minimum of 30% for many of us. In order to understand how, we first need to understand what is included in our property tax bills and where reductions can be made. School taxes are by far the highest portion for every town. Why is that? One of the most expensive items in the school budget is the cost of the health insurance premiums for school employees. Our local budgets include the private health insurance premiums of all of our public workers. No wonder our taxes are so high and so many residents are forced to leave.

I believe the solution to outrageous property taxes and an unjust health care system is Medicare for All.

Under M4A you would pay a percentage tax on your adjusted gross income. You pay only for yourself and your family, no more inflated public employee premiums would be included in our property taxes. This would save NJ taxpayers billions per year. Also, with  M4A, there would be substantial savings on Worker’s Compensation and that would be realized in our local budgets, as well. No more duplicate coverage, no more cost sharing, no more paying for everyone else.  

Insurance companies netted billions in profit in 2019, and I am certain our taxes will be raised substantially when they come looking for increases to recoup billion dollar losses from COVID-19. Some analysts are predicting a 40% increase in ACA (Obamacare) policies, and since we taxpayers subsidize 8 out of 10 policies, we will be picking up the tab for those losses as well in our state and federal taxes. Nearly half of what we make is paid in healthcare one way or another and it’s time to get that out of our budgets.

Here is the bottom line: we are one of the highest taxed States in the nation, largely because of a wasteful health insurance system. But we don’t have to be, Medicare for All will provide substantial relief for all NJ taxpayers. The solutions are within reach, and with your help and support, I intend to fight the big money and old politics in Washington and get real property tax relief for NJ residents.