Toms River's Tax Bill On Low Side, Compared To State Average
Cost of rebuilding after Sandy could affect rates, according to Star-Ledger analysis
Toms River's property tax bills were 30 percent lower than the state average in 2012 - despite increasing over 2011.
Toms River's 2.2 percent tax bill hike was 221st out of 566 total tax bill hikes, higher than the state's average of 1.7.
The township's tax bill is 433rd out of 566 municipalities, according to a Star-Ledger analysis. Toms River's average tax bill is $5,460.39, compared to the state average of $7,870.28.
The Star-Ledger reported noted that property taxes statewide rose 2.4 percent in 2011, the first year Christie’s 2 percent cap was in effect. But the trend of lower increases could be reversed because of Hurricane Sandy, according to the report.
In Manasquan, which suffered some of the worst damage from Sandy, local officials said the cost of rebuilding might drive up tax rates by at least 20 percent, the report said. To top it off, the tax base shrank as properties were washed away, according to the report. Towns are allowed to exceed the 2 percent limit on property tax collections for emergencies such as Sandy.
For more information, please click here.
|Town||County||Average County Bill||Average Municipal Bill||Average School Bill||Average Total Bill||Percent Change from 2011|