N.J. Mayor Priced Out by Local Property Taxes

EGG HARBOR TOWNSHIP, N.J. (AP) -

The mayor of a New Jersey shore town is selling his waterfront home because he says he can’t afford the property taxes.

Egg Harbor Mayor James “Sonny” McCullough has lived in the township’s Seaview Harbor section since 1974. He bought land and built their home for $360,000 in 1985. The property was valued at slightly more than $1.1 million during last year’s revaluation, increasing his property taxes nearly 60 percent to $31,056. Now, he hopes to find another home in the township. But if he doesn’t, the couple purchased a $150,000 waterfront condominium in Florida, where the property taxes are $2,569.

New Jersey has the highest property taxes in the nation, averaging close to $8,000.