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I got my New Jersey State property tax rebate form in the mail on Monday. With it, I can apply for a 20% rebate on my property taxes. For me, that amounts to about $375. On Tuesday, I got a notice from my mortgage company informing me that my monthly payment was increasing by $50 to cover the cost of my increased property taxes. On Monday I was up $375, and by Tuesday I was down two and a quarter. If I get another rebate I won’t be able to pay my taxes.
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