Sep. 19, 2007 - Stop the New Jersey Home Sales Tax

How you can help

At long last, I received my property tax relief check in th mail today. So, if you qualified for the rebate and haven't yet received it, it probably will be there soon.  As projected, it amounted to 20% of my real estate taxes paid last year. If only the politicians would figure out a way how not to collect the refunded money in the first place; that would really make my day.

Now, the bad news.  There is state legislation being considered to allow local governments to impose a Local Home Sales Tax on the sale of real property.   As I've posted here in the past, the tax would be in the amount of $0.50 per $500 of a home's sales price and this local tax would be in addition to the current Home Sales Tax that is paid to the state.  

The proposed 13% tax increase would raise the tax on a $356,700 (median price for an existing NJ home) from $2,799 to $3,156. This legislation is submitted as Bills A-3190/S-2643, A-3341, A-3387 and S-2080.

Let your state legislators know that you are opposed to a tax that will erode homeowner equity.   You can sign the petition to stop the tax at: http://www.njhometax.com/

Whether you are a homeowner today or hoping to be one in the future, please let your legislators know that allowing local municipalities to charge a home sales tax on top of the state tax is a bad idea.  Send a message directly to them at: http://takeaction.realtoractioncenter.com/campaign/njhomesalestaxp 

You should know that the New Jersey Association of REALTORS (NJAR) is working on homeowners' behalf to defeat New Jersey's Local Home Sales Tax!