Christie: Property Taxes Will Rise Due to Sandy
According to Governor Chris Christie, homeowners in towns that were devastated by the hurricane will see their property taxes go up.
The state caps property tax hikes in towns at 2%, but the Governor pointed out that that law includes exceptions for emergencies.
In an article in the Washington Times:
“Christie says towns can maximize their federal reimbursement for storm cleanup costs by contracting with a state-approved firm. But he says storm-related costs that aren’t reimbursed by FEMA will likely be passed along to taxpayers.”