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Old 08-16-2020, 09:25 PM
EdFNJ EdFNJ is offline
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Originally Posted by biker1 View Post
The "county tax" millage rate went up by about 25%. Your assessed value may have also gone up. The "school tax" millage rate was essentially unchanged. There are a couple of other components to the "total" tax bill. They were essentially unchanged. Since the "county tax" is about 1/2 of the "total" tax, for most people the "total tax" bill went up about 12%. This assumes your were homesteaded and you paid off your bond. If you still have your bond, the percentage increase will be lower. Your milage may vary.
Gotcha. Thanks for the clear explanation. Bottom line is you are of course correct my county taxes did increase by 25% (~$125) which is 1 mid-priced ticket at Sharon Center when it was opened. I can live with it and after NJ it's a bargain as we had a $3000 increase 1 year (2015). Of course no one likes taxes going up but for $125 I won't "make a federal case" out of it (but they better finish paving Morse at O'Dell Circle by Mallory CC for my $125!).
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