165-26 Attachment - Estimated Tax Rate Resolution.pdf

TOWNSHIP OF WEST ORANGE CALCULATION OF ESTIMATED TAX RATE ALLOWABLE RANGE FOR ESTIMATED TAX LEVY ACTUAL PY TAX LEVY AND RATE (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 MUNICIPAL OPEN SPACE $ 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 $ _ 3,334,092.29 0.034 ACTUAL MUNICIPAL OPEN SPACE $ 547,993.09 0.006 ACTUAL DISTRICT SCHOOL $ 166,747,435.00 1.676 _ ESTIMATED - MISSING % REGIONAL SCHOOL $ - 0.000 _ ESTIMATED - MISSING % COUNTY $ 29,574,521.79 0.297 __ ESTIMATED - 3% INCREASE COUNTY OPEN SPACE $ 1,317,894.79 0.013 _ ESTIMATED - 3% INCREASE TOTALS $ _272,105,119.03 _ 2.736 $ INCREASE $ _9,470,621.02 % INCREASE 3.61% LEVY AMOUNT TAX RATE [ESTIMATED TAX RATE $272,105,119.03 2.736