From NJAR

In his budget address on March 10, 2009, Governor Jon Corzine called for a one-year suspension for all non-senior households, regardless of income, to deduct property taxes from their state tax filings. The elimination of the deduction was expected to raise $420 million in revenue to fund a greatly scaled back property tax rebate program that would only reach a select few. Reacting to overwhelming public angst, Governor Corzine recently adjusted his budget plan to include the restoration of the property tax deduction for senior citizens and households earning up to $150,000. 

The partial restoration of this critical deduction is a step in the right direction. While Governor Corzine's latest proposal allows families earning below $150,000 to deduct property taxes from their state tax filings, he still has plans to eliminate property tax rebates for everyone except senior citizens and households who make less than $75,000. In a state where the average property tax bill is over $7,000, any attempt to balance the budget on the backs of homeowners remains imprudent. Tax deductions that residents receive from owning a home are powerful incentives to get people into the housing market. Given current economic conditions, this is the worst possible time to propose any legislation that undermines the basic foundation of homeownership. 

All concerned Garden State residents are encouraged to keep fighting for the complete restoration of the property tax deduction. Let Trenton know skyrocketing property taxes threaten New Jersey's economic well-being. Tell lawmakers that chipping away at incentives, such as the property tax deduction, is harmful to homeowners and the real estate industry.

Tell your legislators to fully restore the property tax deduction: http://www.njleg.state.nj.us/members/legsearch.asp 

Tell Governor Corzine to fully restore the property tax deduction:     https://www.state.nj.us/cgi-bin/governor/govmail/govmail_1.pl