![]() ![]() ![]() ![]() NJ Department of Community Affairs is a state agency “ created to provide administrative guidance, financial support and technical assistance to local governments, community development organizations, businesses and individuals to improve the quality of life in New Jersey.” It maintains:.Title 18 of the NJ Administrative Code refers to taxation, including property tax. Title 54 of the NJ Statutes refers to taxation, including property tax.The NJ Department of Education also has a “ School Finance Home” page with information around the budget process and related data. ![]() Title 18 refers to education including the budget process.A link to the Statutes is here but you can also find documentation online, such as the “Local Budget Law” ( N.J.S.A. Titles 40 and 40A refer to municipalities and counties including budget process.The right to impose property tax is stated in the NJ State Constitution, Article 8, Section 1. If you want to dig in further, you can reference: State-level resources & data “ Budget Process Overview,” by Jon Rheinhardt, the CFO of Bergen County, an interesting and informing read around the municipal budget process (click here or on the image to read the full article).The guide was published by the New Jersey Society of CPAs in partnership with New Jersey Realtors and the Association of Municipal Assessors of New Jersey.” This is “a comprehensive resource answering homeowners’ everyday questions about how their home’s value is assessed, how their property tax bill is created and where their property tax dollars get allocated. NEW JERSEY HOMEOWNER’S GUIDE TO PROPERTY TAXES TOOLKIT.I’m sharing as I go and will update this page as the series progresses. Throughout this series I am using resources and links from a variety of sources. While the tax rate will decrease by a half-cent, the overall budget will increase from $431,967,163 in 2019 to $450,793,474 in 2020.This is part of a series about local budgets and property tax. Other projects include a $5 million replacement of the Colonial Drive north and south bridges in Manchester, $3.5 million for replace of Lake Shenandoah spill way and bridge in Lakewood, $2 million for the renovation of the Wells Mills Nature Center and $3 million for the construction of T-hangars at Ocean County Airport. One significant project is the reconstruction of the county’s social services complex in Toms River, which Shorebeat covered last week. This year’s budget includes about $129 million for capital projects such as road repaving, drainage improvements, bridge replacement and maintenance and similar projects. On growth: “Growth is good if it’s done safely and lawfully within the boundaries of each town where it’s controlled by the planning boards and boards of adjustment,” Vicari added. More and more of our seniors are no longer 70 or 75 years old – last week I met a man who was 108 years old.” “A lot of seniors live on a Social Security check of $1,400 per month, so it is so important for this board to provide these services. “As the population of seniors approaches 200,000 people we’ve always prioritized the frail and the vulnerable,” said Freeholder Joseph Vicari. And there have been growing concerns about overdevelopment in Lakewood, Jackson and other towns. The county’s senior population has surpassed 200,000 residents – many of whom will require services at some point in their lives. While Ocean County’s tax base has been bolstered for decades by its enormous expanse of waterfront property and its two high-value barrier islands, there are some challenges. As John Bartlett said before he passed away, as we return from Superstorm Sandy, we will reduce our tax rate, and that is exactly what we have done.” “We’re doing that while we are also funding all of the core programs of county government. “We have strong growth, a surplus and a tax rate decrease,” said Kelly. ![]()
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