An example of just how New Jersey's property taxes rates can affect personal wealth uses a hypothetical example of a couple weighing the cost of living in Summit, NJ vs. Greenwich, CT, which are similar commuting distances from Wall Street.
http://summit.patch.com/groups/around-town/p/sobering-look-of-property-taxes-in-summit-vs-greenwich
http://summit.patch.com/groups/around-town/p/sobering-look-of-property-taxes-in-summit-vs-greenwich
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