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    sidential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required o

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    Here are three property tax policy options for New Jersey citizens and government leader to consider. They are presented in an easy to read format; namely the statement of a problem that property taxpayer's face in New Jersey, followed by a policy option and its principal pro and con argument.

    PROBLEM: TAXPAYERS HAVE NO CONTROL OVER HIGH PROPERTY TAXES THAT CAN LEAD TO HOME FORECLOSURE AND THE NUMBER OF HOMES FORECLOSED DUE TO FAILURE TO PAY PROPERTY TAXES IS UNKNOWN.

    POLICY OPTION: Introduce a bill directing the Superior Court to require that foreclosure complaints contain a statement as to whether the property subject to tax lien foreclosure was residential and if the property was owned by a senior citizen or permanently and totally disabled person.

    Pro: The extent of the number of tax lien foreclosure collections on residential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required o

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    n New Jersey, followed by a policy option and its principal pro and con argument.

    PROBLEM: TAXPAYERS HAVE NO CONTROL OVER HIGH PROPERTY TAXES THAT CAN LEAD TO HOME FORECLOSURE AND THE NUMBER OF HOMES FORECLOSED DUE TO FAILURE TO PAY PROPERTY TAXES IS UNKNOWN.

    POLICY OPTION: Introduce a bill directing the Superior Court to require that foreclosure complaints contain a statement as to whether the property subject to tax lien foreclosure was residential and if the property was owned by a senior citizen or permanently and totally disabled person.

    Pro: The extent of the number of tax lien foreclosure collections on residential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required o

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    ED DUE TO FAILURE TO PAY PROPERTY TAXES IS UNKNOWN.

    POLICY OPTION: Introduce a bill directing the Superior Court to require that foreclosure complaints contain a statement as to whether the property subject to tax lien foreclosure was residential and if the property was owned by a senior citizen or permanently and totally disabled person.

    Pro: The extent of the number of tax lien foreclosure collections on residential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required o

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    o tax lien foreclosure was residential and if the property was owned by a senior citizen or permanently and totally disabled person.

    Pro: The extent of the number of tax lien foreclosure collections on residential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required o

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    sidential properties, particularly those of senior citizens and disabled, could be counted to promote the idea of a moritorium on homeowner property tax forelosures.

    Con: Additional work would be required of municipal governments and third party tax lien holders in the filing of a foreclosure complaint statement.

    PROBLEM: OFTEN PROPERTY TAXPAYERS ASSERT THAT THE LOCAL PROPERTY TAX SHOULD NOT BE USED TO FUND PUBLIC EDUCATION, WHILE ALSO BEING OPPOSED TO NEW STATE TAXES OR LOSS OF STATE SERVICES.

    POLICY OPTION: Introduce a concurrent resolution proposing an amendment to Article VIII, Section I of the New Jersey State Constitution to permit, through a voter referendum process, the local voters of a school district, to replace real property taxes imposed for school purposes with a local tax on the income of individuals, estates, trusts, corporations and unincorporated businesses. The income tax rates permitted would be within the income tax limits established in the local referendum question and would be collected on behalf of school dis

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