PROPERTY TAXES: How does your town compare?
THE BASICS: This
table shows raw data about Hoboken
and Jersey City.
| |
Hoboken |
Jersey City |
|
COUNTY: |
Hudson County |
Hudson County |
|
TOWN: |
Hoboken |
Jersey City |
|
POPULATION: |
40,175 |
239,079 |
|
HOMEOWNERS: |
8,626 |
31,933 |
|
TOTAL COST OF LOCAL
GOVERNMENT: |
$107,733,193 |
$935,499,654 |
|
Municipal cost: |
$60,600,227 |
$366,174,245 |
|
School cost: |
$47,132,966 |
$569,325,409 |
|
Property Tax Levy: |
$48,337,394 |
$180,518,683 |
|
Residential Levy: |
$28,472,228 |
$98,046,463 |
|
Non-Residential Levy: |
$19,865,166 |
$82,472,220 |
|
State Aid: |
$25,445,653 |
$434,560,639 |
|
Miscellaneous Revenue: |
$33,950,146 |
$320,420,332 |
COST AND REVENUE ANALYSIS:
This table shows how costs and revenues are
distributed among homeowners. The first
measure -- per capita cost -- is a general
measure of how much is being spent. The
other numbers are specifically tied to
residential property taxes. All figures are
presented on a "per homeowner" basis. If a
town ranks high in the cost categories and
low in the revenue categories, the town will
rank high in taxes.
| |
|
Hoboken |
Jersey City |
|
COUNTY: |
Hudson County |
Hudson County |
|
TOWN: |
Hoboken |
Jersey City |
| Costs: |
PER CAPITA COST OF
GOVERNMENT: |
$2,682 |
$3,913 |
|
COST OF GOVERNMENT PER
HOMEOWNER: |
$12,489 |
$29,296 |
|
Municipal cost per
homeowner: |
$7,025 |
$11,467 |
|
School cost per
homeowner: |
$5,464 |
$17,829 |
| Revenues: |
STATE AID PER
HOMEOWNER: |
$2,950 |
$13,609 |
|
Municipal Aid Per
Homeowner: |
$1,823 |
$2,551 |
|
School Aid Per
Homeowner: |
$1,127 |
$11,057 |
|
MISCELLANEOUS REVENUE
PER HOMEOWNER: |
$3,936 |
$10,034 |
|
NON-RESIDENTIAL TAX
REVENUE PER HOMEOWNER:
(commercial, industrial, farm) |
$2,303 |
$2,583 |
|
RESIDENTIAL TAX
REVENUE PER HOMEOWNER:
(average tax bill) |
$3,301 |
$3,070 |
WHO PAYS?: This table
divides local revenues into four categories,
showing how the share of local government
costs borne by homeowners varies greatly
from town to town. State aid combines
municipal and school funding; miscellaneous
revenue includes a wide variety of sources,
from parking tickets to surplus revenue;
non-residential tax revenue includes
commercial, industrial, and all other
properties that contribute to a town's tax
base; and residential includes all taxes
paid by homeowners.
| |
|
Hoboken |
Jersey City |
|
COUNTY: |
Hudson County |
Hudson County |
|
TOWN: |
Hoboken |
Jersey City |
|
Cost of Government
Paid For By: |
STATE AID |
24% |
46% |
|
MISCELLANEOUS REVENUES: |
32% |
34% |
|
NON-RESIDENTIAL TAX
REVENUE: |
18% |
9% |
|
RESIDENTIAL TAX
REVENUE: |
26% |
10% |
Notice the cost of
government per homeowner!
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