Homeowners in New Jersey could see their taxes increase and their home’s value significantly decline under the current Congressional tax reform plans. The Senate, for example, would eliminate state and local tax deductions, including property taxes, and at the same time reduce your ability to benefit from the mortgage interest deduction.
Homes across New Jersey stand to lose between $20,480 and $42,400 in value under current proposals. New Jerseyans cannot afford to pay this heavy price for tax reform.
Click on the interactive map above to see how home values would change.