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NJ caps property taxes for seniors with an income below a certain amount. There are some cases where the property taxes on a seniors home may be $20k but the senior is only paying the base tax from the year they qualified the State picks up the balance.
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<p>ahh…that helps a lot. </p>
<p>how old do you have to be? </p>
<p>on a $10k per year prop tax home, how much would the base tax be?</p>
<p>this sounds like sort of Prop 13 in Calif which had to pass in the 70s otherwise too many folks would lose their homes due to unaffordable prop taxes.</p>