Editor’s Note: This article was updated with comment from Sherrill’s campaign at 7:03 p.m.
Assemblyman Jay Webber accused Mikie Sherrill of lying about the effects the tax cuts passed by national Republicans last year will have on property values in the 11th district.
Sherrill has more than once made the claim that the $10,000 cap on the state and local tax deduction would tank property values in parts of the district.
A press release put out by Sherrill’s campaign on on Aug. 6 made that claim, and Mikie Sherrill’s Twitter account tweeted a graphic, sourced to Moody’s Analytics, claiming that all four counties in the district would have property values drop by at least 8%.
But, in the almost nine months since the tax cuts passed, property values have continued to rise.
A report by the New Jersey Association of Realtors found that property values in each of the district’s counties rose between July 2017, five months before the tax plan was passed, and July 2018.
The same was true for the country at large.
Sherrill’s response might prove an effective one, as it cites the stance of former Rep. Rodney Frelinghuysen, who, unlike Webber, opposed the tax cut and voted against it.
In his attack, Webber gave a particular amount of focus to Sherrill’s own home, which rose in value from about $1.5 million in 2017 to just under $1.9 million in 2018.
There is some evidence that home values have fallen in parts of the country, though those instances appear to be somewhat limited.
A report in the New York Times found that some high-tax areas of the country, particularly in blue states, have risen.