If Gov. Murphy’s budget is approved, some New Jersey residents may see their state property taxes cut in half.

The report adds that "with new registrations of EVs approaching 10 percent of new vehicle ... the New Jersey ANCHOR program. As Kiplinger has reported, this program provides property tax relief ...

Out of 50 states and the District of Columbia, the personal finance website annual rankings of the 2025 Property Tax By State places New Jersey at the 51 spot. New Jersey homeowners paid a ...