Gloucester Township, Camden County ,NJ
So with huge property tax increases, including a whopping 26% in 2010, 9%(2014), and a recent 12% in 2016, some residents of Gloucester Township are being taxed out of their homes.
When residents pay their property taxes in their mortgage, this recent tax hike has caused some residents to fall behind on not only their property tax bill, but also on their mortgage, and escrow.
Some of these residents are either going into foreclosure, or are just being pushed into just leaving their homes and walking away. All areas of Gloucester Township are seeing more vacant homes, and a shrinking tax base.
So why would a local government agency even consider going into the "house flipping" business? It is almost as if they get to be the supply and demand end of the deal.
So if township officials are explaining this issue correctly, does that not cause a conflict of interest? As this issue moves forward GTN will bring folks up to speed and informed.
But the early questions still remain. WHY?