TRENTON, N.J. (AP) — Two million New Jersey property taxpayers and renters will get a tax break worth up to $1,500 under a deal Gov. Phil Murphy and fellow Democrats in the Legislature unveiled Wednesday.
The $2 billion program comes thanks to flush state coffers and amounts to lowering the roughly $9,300 average property tax bill for many to $7,800, a level not seen in more than a decade, Murphy said.
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