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As a child growing up in NJ, I was told the property taxes were higher in NJ because the jobs in Phila. and NYC pay more. While this may be true, it does not provide the majority of NJ residents an increase in income - just a select few. I live in Indiana and pay less than 1/3 what a comparable house would pay in NJ. I simply refuse to be ripped off. I don't want to pay rent on a house forever in the form of property taxes equal to roughly $1,000 per month. People pay dearly to live in NJ, and from what I can see, it's not because of higher-paying jobs. I would suspect it's a matter of state overhead being so high that NJ simply can not afford to lower the property taxes. In Indiana, we have written into our state constitution a cap on property taxes of 1% of assessed value for a primary residence. NJ appears to run about 5% and is not even capped. What is provided to justify that rate? I doubt jobs pay 5 times more in NJ.