Number of the Day: 76 percent

February 21, 2012 | Number of The Day

New Jerseyans want tax relief, but they especially want property tax relief, at least that is the finding of the most recent Rutgers-Eagleton poll. When asked whether they would prefer to have income taxes or property taxes reduced, 76 percent cited property taxes and 22 percent said income taxes. Indeed, even Republicans (79 percent) and conservatives (81 percent) said they would prefer a property tax reduction over Governor Chris Christie’s suggested 10 percent income tax cut.

That doesn’t mean the state’s taxpayers turn their noses up at an income tax cut, since 52 percent (72 percent of Republicans) say they are in favor of that too. Nevertheless, respondents vastly overestimated the amount they would gain in income tax relief. Of those queried, 22 percent believed it would be more than $1,000 but the mean savings would be $750 and those making $100,000 or less would at most save $275.