A Different Approach to Property Tax Relief

Assistant Senate Minority Leader John H. Adler has announced that under recently enacted legislation, residents of Camden County will be receiving much-needed property tax relief.

"Property taxes are one of the most important issues facing New Jersey families, and I was proud to vote in favor of this measure," said Senator Adler (D-Camden).

The new law (P.L. 2001, c.44) reduces the pension payments by government employers to the Police and Firemen`s Retirement System this year from $225 million to $75 million through a revaluation of the system`s assets.

"The most impressive thing about this legislation is that the money must be spent on property tax relief," said Senator Adler, who has also sponsored legislation calling for a statewide constitutional convention to address New Jersey`s reliance on property taxes. "Property taxes are a long-term problem in New Jersey, but this measure provides some short-term relief while we look into the larger problem." Under the measure, the following towns in Senator Adler`s district will be receiving property tax relief:

Audubon Borough ($60,484),

Audobon Park Borough ($15,792),

Berlin Borough ($58,164),

Berlin Township ($69,810),

Cherry Hill Township ($575,120),

Clementon ($16,061),

Collingswood ($154,090),

Gibbsboro ($2,188),

Haddon Heights ($63,319),

Haddon Township ($108,038),

Haddonfield ($100,512)

Merchantville ($51,826),

Oaklyn ($40,563),

Pine Hill ($68,203),

Pine Valley ($3,922),

Voorhees ($209,252).

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Author: Senator John Adler courtesy of The Cherry Hill Connection