N.J.'s Record High Property Tax Bills Show a Glint of Good News

For the first time in at least a decade, one-year growth fell below 1 percent, according to a Bloomberg analysis of state Department of Community Affairs data. Trump’s $10,000 limit on residents’ deductions on their federal tax returns is being felt widely in the Garden State. It may also make it harder for New Jersey to balance its budget this year because income-tax revenue has fallen short of expectations after some people shifted income into 2017 before the tax overhaul took effect.

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