NEW PROPERTY TAX MAP SHOWS MAPLEWOOD HIGHER THAN AVERAGE

NJ Spotlight posted a great map showing the average property taxes for each municipality. 


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.