For the last two and a half years, Jersey City Together’s Education Team and parents across the city have been engaged in a focused fight to increase local funding for our public schools. For the first two years, our work helped create incremental progress — an extra $5.3 million in 2018, another $6 million in 2019.
But property tax data published in October 2019 by the NJ Division of Taxation reveals Jersey City may once again be approaching the need for another revaluation. A driving factor is the market growth of Jersey City’s taxable real estate.
The municipality’s growth is a factor in the under-funding of our public schools. There is a domino effect at work; city growth is ahead in the line of dominoes, and the kids being starved of resources in their schools is at the far end of the line of dominoes.
Jersey City Property Taxes and School Funding Facts.
Demystifying the Tax Base, Tax Levies, and Tax Rates.
Jersey City is in the midst of a structural, multi-year school-funding crisis that has already led to one year of increased school taxes combined with school budget cuts. Given the disparity between what the State of New Jersey dictates that the Jersey City Public Schools should spend on each student and the local resources that Jersey City chooses to spend on its public schools, this destructive combination will likely result again in the years ahead.