Municipal Taxes Increase About $50 for Little Silver Taxpayers in 2013
The Little Silver Borough Council introduced a tentative budget for 2013 that will raise about $6.6 million through property taxes.
Little Silver introduced its municipal budget for 2013 and while there are a lot of variables -- like tax rates and the borough's current revaluation -- to consider, the bottom line is that tax bills should increase about $150 annually for the owner of the average-assessed $500,000 home in town. The borough will raise about $6.6 million of the approximately $12 million general budget through property taxes and another $5.45 million through anticipated revenue other than property taxes, according to Laura Geraghty, Little Silver's chief financial officer, at the March 18 council meeting. Councilman Don Galante explained that the $150 increase would include the entire tax bill -- including local and regional schools, county and open space…
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Dentss Dunnagun
9:12 am on Thursday, March 21, 2013
I'm a little confused here...the budget increased by 2 million from 2011/12 budget of 10.1 million that's a 20% increase to 12 million in 2012/13 budget ....explain more ›