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April 19, 2014

Jersey Shore Mayor Blames Property Taxes for Home Sale

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Jersey Shore Mayor Blames Property Taxes for Home Sale

The mayor of Egg Harbor Township, N.J., says he’s selling his waterfront home because he can no longer afford the hefty property taxes. 

Mayor James “Sonny” McCullough, 71, says he and his wife bought the land and built their home in 1985 for $360,000. Following last year’s re-assessment, however, the property was valued at about $1.1 million and the taxes on the home increased a whopping 61 percent to $31,056. 

New Jersey has the highest property taxes in the nation. Home owners in the state face, on average, $8,000 in property taxes, before any tax credits. 

Source: “Jersey Shore Mayor Selling Home, Blames Property Taxes,” The Associated Press (Aug. 22, 2013)

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