2025 Municipal Budget - 7.22.25.pdf

2Total Tax $ 4.683576 100.00% $ 2.632359 100.00% -43 .796% (2.05122) Net Valuation Taxable $ 5,479,930,900.00 $ 10,001,287,802.00 ======~~~==== 0.8251 % Ratable Change $ 4,521 ,356,902.00 Tax Rate Taxes Increase in Taxes Max Tax @ .000 Increase 1.198828 $ 119,898,280.12 $ 54,203 ,311.32 Max Tax @ .010 Increase 1.208828 120,898,408.90 55,203,440.10 Max Tax @ .020 Increase 1.21 8828 121,898,537.69 56,203,568. 89 Max Tax @ .030 Increase 1.228828 122,898,666.4 7 57,203,697.67 Max Tax @ .040 Increase 1.238828 123,898,795.25 58,203,826.45 Max Tax @ .050 Increase 1.248828 124,898,924.03 59,203,955.23 Max Tax @ .060 Increase 1.258828 125,899,052.81 60,204,084.01 Max Tax @ .070 Increase 1.268828 126,899,181.59 61,204,212.79 Max Tax@ .080 Increase 1.278828 127,899,3 10.37 62,204,341.57 Max Tax @ .090 Increase 1.288828 128,899,439.15 63,204,470.35 One-Tenthousanths of One (1 Cent, Tax Point) is equal to: I $ 1,ooo, 128.78 1 2024 2025 %%% $$$ $$Amount Rates $$Amount Rates Change Difference Average Home in the Township of West Orange $ 336,878 $ 615,472 Local Tax 4,03 8.59 $ 1.198828 4,127. 11 $ 0.670560 2.19% 88.52 Municipal Open Space 33.69 $ 0.010000 33.72 $ 0.005479 0.10% 0.04 Library Tax 155.83 $ 0.046256 174.04 $ 0.028277 11.69% 18.21 District School Tax 9,757.57 $ 2.896469 10,020.84 $ 1.6281 55 2.70% 263.27 County - Open Space 70.45 $ 0.020912 78.74 $ 0.012793 11.77% 8.29 County Tax 1,721.82 $ 0.511111 1,766.99 $ 0.287094 2.62% 45. 17 OveraU Approximate Tax 15,777.94 $ 4.683576 16,201.413 $ 2.632359 2.6:8% 423.50 I1Total Mutllilcilpal 41,228.10 $ 1.245084 41,334.87 $ 0.698837 2.53% Hl6.77 1