1921: Jersey City Under Commission Government
A Book of Achievement
A Word About Jersey City's Low Tax Rate
Low Debt and Low Cost Of Governance
This Web version:
COPYRIGHT 2003, GET NJ
Notwithstanding some impressions to the contrary, the fact is that Jersey
City has one of the lowest tax rates in the State, and a very clear idea of the
able manner in which the finances of the City have been conducted under Commission Government can be seen by a comparison between Newark and Jersey
City. Newark is one of the best governed cities in the State, and its credit is of
the highest. Nevertheless, Jersey City has a lower tax rate, a lower net funded
debt, a lower tax levy per capita.
The following table will be found very
instructive:
1920
| Tax Rate
|
|
Jersey City | $30.97 per thousand
|
| Newark | 37.50 per thousand
|
|
|
| Cost of Government
|
|
Jersey City
|
$38.50 per capita
|
| Newark | 44.00 per capita
|
| 
|
| Assessed Valuations
|
|
Jersey City |
$369,842,278
|
| Newark | 485,219,397
|
| 
|
| Population
|
|
Jersey City |
298,103
|
| Newark | 414,206
|
| 
|
| Net Funded Debt
|
|
Jersey City |
$37.40 per capita
|
| Newark | 81.10 per capita
|
| 
|
Tax Rate 1921
Jersey City, $29.16
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