These North Jersey taxpayers may not get their full SALT deduction this year

Bloustein Local Government | News
The average property tax bill in six North Jersey towns rose to over $10,000, making it impossible for residents with bills higher than that to deduct their entire tax bill from their federal taxes. That’s thanks to a $10,000 Trump-era cap on deducting state and local taxes from federal tax returns. Between 2021 and 2022, the average property tax bill crept over $10,000 for six municipalities, according to figures from the state Department of Community Affairs released on Monday. The state and local tax break assures residents essentially aren’t double-taxed, according Marc Pfeiffer, a senior policy fellow at Rutgers University’s Bloustein School of Planning and Public  Policy, in an interview last year. Here’s the breakdown of those six towns: Clifton In 2021, the average property tax bill was $9,775. That went up to $10,218.69 in 2022. Wallington Borough The average property tax bill was $9,922 in 2021. It was $10,125.69 in 2022. Parsippany-Troy Hills Township The average resident paid $9,651 in 2021 on property taxes, and $10,092.13 in 2022. Little Ferry Borough The average property tax bill was $9,947 2021. It was $10,074.84 in 2022. Andover Township The average property tax bill was $9,934 in 2021. It went up to $10,053.43 in 2022. Lyndhurst Township The average property taxes bill was $9,590 in 2021. It was $10,044.79 in 2022. Marc Pfeiffer, is a Faculty Researcher at CUPR Northjersey.com 2/28/2023