NJ mayor can no longer afford to live in his own town. James “Sonny” McCullough has put his home on the market due to a $31,000 property tax bill that met him on his door steps. As of today’s article on August 21, 2013 a lot of individuals are going through similar problems financially in regards to their real estate but this mayor of a town of 31,000 is near Atlantic City. He currently lives in the Egg Harbor Township, NJ.
The sad but true reality of the U.S. economy is not only hitting the average working man and woman but as we can see city officials as well. In a statement by McCullough to The Press of Atlantic City he had this to say "It's kind of disappointing, I thought I would be able to live and die in my home, but it's gotten to the point where it's gotten up so high."
Officials revalued his property in the township’s Seaview Harbor section at more than 1.1 million which rose from the $360,000 he paid to have it built in 1985. Unfortunately for McCullough his property taxes have rose some 60% bringing him to his current disappointing move.
He is definitely not the only individual that has experienced a similar story; thousands of Americans that have lived in their homes for a number of years have also had the grunt wrenching reality that their financial state cannot accommodate their new property taxes.