Gloucester Township, Camden County
In it's simplest form, property taxes provide revenue for many services in a municipality including schools, and general services.
Most people agree that we all want good schools, trash pick up, and Police protection, but are we over taxed for those services, and how do we keep them in check?
Townships use many formulas to figure property tax rates. In 2010, Gloucester Township had a town wide re assessment. Your property value mostly went up, some did go down.
The municipal tax formula is rated against that assessed value of your home.
So how do we lower those property tax? Well, it all comes in spending. Whenever a municipal government spends more than it takes in, the deficit needs to made up at some point.
In the case of Gloucester Township, it is not only the mass amount of spending, it is also the huge amount of debt that the township accrues. If you keep increasing the debt, everyone knows that eventually you have to pay your debts. If you add up the amount of debt within the township, including schools, and other entities, you will surely reach a debt of over
So, the easy answer to lowering property tax. REDUCE SPENDING, and STOP BORROWING, that increases the DEBT