NJ Mayor selling waterfront home, says he can’t afford the property taxes

Source:
http://www.nj.com/south/index.ssf/2013/08/egg_harbor_mayor_selling_home.html

EGG HARBOR TWP. (AP) — The mayor of a Jersey shore town is selling his waterfront home because he says he can’t afford the property taxes.

Egg Harbor Mayor James “Sonny” McCullough has lived in the Seaview Harbor section since 1974. He and his wife bought land and built their current home for $360,000 in 1985.

The property was valued at slightly more than $1.1 million during last year’s township-wide revaluation that increased his property taxes by nearly 60 percent to $31,056.

The 71-year-old mayor tells The Press of Atlantic City he thought he’d be able to live and die in his home.

McCullough says he hopes to find another home in the township. But if he doesn’t, the couple purchased a $150,000 waterfront condominium in Florida, where the property taxes are $2,569.

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