Not a surprise Maplewood is above the state average with a $13,118 average per home tax compared to the state average of $7,519.
More from the site on Maplewood below:
Municipality: Maplewood Township
Total Tax Levy: $101,798,317.39
Levy Change: 6.1%
Total Tax Rate: $3.102
Tax Rate Change: -33.4%
Average Home Value: $422,840
Home Value Change: 57.6%
Average Property Tax: $13,118
Property Tax Change: 5.0%
Average Homestead Rebate: $314
Rebate Change: -75.3%
Average Net Property Tax: $12,804
Net Tax Change With Rebate: 14.0%
As we know, most of this is due to the state school funding formula which provides SOMA schools with only 8% of its budget while the state average for such funding is 24%.
I also credit TC leaders for doing a lot to cut costs and combine services with South Orange, but with no layoffs or furloughs in the past two years.
2 comments:
will it ever stop going UP
Post a Comment