N.J. property rebates under budget scrutiny

March 5, 2008 7:26:30 PM PST
New Jersey homeowners are paying higher property taxes than ever, but their rebates may be rolling back. State Republicans say that shows last year's rebate checks were an election-year ploy.

Democrats say nothing is safe from budget cuts, given the state's dire financial outlook.

Governor Corzine has proposed giving senior citizens and households earning less than $100,000 the same amount this year.

But households earning more would see thinner checks or nothing at all.

Property taxes rose 5.4 percent last year, breaking through a legislative cap meant to hold taxes down.

Homeowners pay an average of $6,800 in property taxes, or roughly twice what homeowners in most other states pay.