Episode Details
Back to Episodes
Small Property Owners Paying the Price | Jersey City News
Description
In Jersey City, small property owners are bearing the brunt of rising taxes while being exempt from contributing to the budget—36% of properties, including schools and cemeteries, don’t pay into the tax base. Of those, nearly half are on tax abatement “pilots,” meaning one in six properties isn’t paying its fair share. Compounded by rent control laws that prevent landlords from passing on tax hikes to tenants, the financial burden falls entirely on small owners. They’re left footing the bill for everyone else, trapped in a system where lack of transparency and complex budgeting make it hard to see—or escape—their growing squeeze.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/0c0af2ae923a7c95