koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
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In a glaring example of the Garden State's high taxes, James McCullough's $31,000 property tax bill has him looking to sell.
James "Sonny" McCullough is selling his home in Egg Harbor Township, N.J., because he can no longer afford the taxes. Lots of folks have found themselves caught in this very squeeze, but here's what makes McCullough's story unique: He's the mayor of this town of 31,000 near Atlantic City.
Officials revalued McCullough's property in the township's Seaview Harbor section at more than $1.1 million, a huge jump from the $360,000 he paid to build the home in 1985. As a result, his property taxes have zoomed by nearly 60% to $31,056, which McCullough says he can't afford.
"It's kind of disappointing," he told The Press of Atlantic City. "I thought I would be able to live and die in my home, but it's gotten to the point where it's gotten up so high."
http://money.msn.com/now/post--this-nj-mayor-cant-afford-to-live-in-his-own-town
James "Sonny" McCullough is selling his home in Egg Harbor Township, N.J., because he can no longer afford the taxes. Lots of folks have found themselves caught in this very squeeze, but here's what makes McCullough's story unique: He's the mayor of this town of 31,000 near Atlantic City.
Officials revalued McCullough's property in the township's Seaview Harbor section at more than $1.1 million, a huge jump from the $360,000 he paid to build the home in 1985. As a result, his property taxes have zoomed by nearly 60% to $31,056, which McCullough says he can't afford.
"It's kind of disappointing," he told The Press of Atlantic City. "I thought I would be able to live and die in my home, but it's gotten to the point where it's gotten up so high."
http://money.msn.com/now/post--this-nj-mayor-cant-afford-to-live-in-his-own-town