"Might those taxes rise as other tax revenues shrink in a declining economy? "
Possibly, but it is a lot easier to cobble together $3000-$4000 than $112,000. Just make sure you pay your taxes. Washington Township NJ down in SJ will take your property if you are behind in your taxes.
WASHINGTON TWP. Members of township council are expected to vote next week on an accelerated tax sale meant to balance the municipal budget -- but they won't do so happily.
The tax sale, if approved, would take place on Dec. 23, officials said.
"Nice Christmas present," Councilwoman Anita LaPierre lamented at a workshop meeting Wednesday.
"We'll be Snidely Whiplash," Councilman Albert Frattali said of the sale, which would require landowners to pay all 2008 property taxes by year-end, where they previously could have waited until June.
People who remain behind on payments would face tax liens and the possibility of foreclosure after six months, said Nick Petroni, the township auditor.
But council members, who had long resisted Mayor Paul Moriarty's proposal for an accelerated sale, indicated they saw no alternative after state officials blocked a previous bid to balance the 2008 budget.