165-26 Attachment - Estimated Tax Rate Resolution.pdf

TOWNSHIP OF WEST ORANGE CALCULATION OF ESTIMATED TAX RATE ACTUAL PY TAX LEVY AND RATE ALLOWABLE RANGE FOR ESTIMATED TAX LEVY (PERCENTAGE OF PY LEVY) LEVY TAX RATE 95.00% 105.00% MUNICIPAL $ 66,429,352.11 0.665 MUNICIPAL $ 63,107,884.50 $ 69,750,819.72 MUNICIPAL LIBRARY $ _ 2,828,055.36 0.028 MUNICIPALLIBRARY $ 2,686,652.59 $ 2,969,458.13 MUNICIPAL OPEN SPACE $ 547,993.09 0.006 | MUNICIPALOPENSPACE $ 520,593.44 $ 575,392.74 DISTRICT SCHOOL $ 162,836,460.00 1.628 DISTRICT SCHOOL $154,694,637.00 $170,978,283.00 REGIONAL SCHOOL $ - 0.000 REGIONAL SCHOOL $ - $ : COUNTY $ 28,713,127.95 0.287 COUNTY $ 27,277,471.55 $ 30,148,784.35 COUNTY OPEN SPACE $ 1,279,509.50 0.013 COUNTY OPEN SPACE $ 1,215,534.03 $ 1,343,484.98 TOTALS $ _262,634,498.01 2.627 TOTALS § 249,502,773.11 _$ 275,766,222.91 ESTIMATED TAX RATE NET VALUATION TAXABLE $ 9,946,533,541.00 ESTIMATED LEVY TAXRATE ACTUAL/ESTIMATED MUNICIPAL $ 70,583,182.07 0.710 ACTUAL MUNICIPAL LIBRARY $ 547,993.09 0.006 = ACTUAL MUNICIPALOPEN SPACE $ 574,993.09 0.006 ACTUAL DISTRICT SCHOOL $ 166,747,435.00 1.676 = ACTUAL REGIONAL SCHOOL $ - 0.000 ACTUAL COUNTY $ _ 29,574,521.79 0.297 __ ESTIMATED - 3% INCREASE COUNTY OPEN SPACE $ 1,317,894.79 0.013 ESTIMATED - 3% INCREASE TOTALS $ _269,346,019.83 2.708 $ INCREASE $ 6,711,521.82 % INCREASE 2.56% LEVY AMOUNT TAX RATE [ESTIMATED TAX RATE $ 269,346,019.83 2.708