Township Council Meeting — Packet

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