Given that the average real estate tax bill for NJ homeowners in 2017 was $8,690 (according to the NJ Department of Community Affairs), this bill will almost entirely benefit those with above average income in NJ. I find it delightfully ironic to see so many Democrats in NJ falling all over themselves to characterize such a tax initiative as having primarily populist benefits.
And you're right, RR. This could get weird and problematic on the LE's and CD's.
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Management is doing things right; leadership is doing the right things. Peter Drucker