COMPARATIVE SCHEDULE OF TAX RATE INFORMATION*
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Tax Rate: | $3.737 | $3.660 | $3.635 |
| Apportionment of Tax Rate: | |||
| Municipal: | 1.104 | 1.099 | 1.095 |
| County: | 0.476 | 0.453 | 0.452 |
| Local School: | 2.157 | 2.108 | 2.088 |
| Assessed Valuation: | |||
| 2021 | $1,156,348,450.00 | ||
| 2020 | $1,174,995,842.00 | ||
| 2019 | $1,164,726,603.00 | ||
*Per Abstract of Ratables, Somerset County, NJ
Note: Under the provisions of Chapter 129, L.1976, the County Board of Taxation estimated the amount of approved Veterans and Senior Citizens Tax Deductions for 2020 to be $43,000.
COMPARISON OF TAX LEVIES AND COLLECTION CURRENTLY
A study of this tabulation could indicate a possible trend in future tax levies. A decrease in the percentage of current collection could be an indication of a probable increase in future tax levies.
|
Calendar Year |
Tax Levy |
Cash Collections |
Percentage of Collection |
|---|---|---|---|
| 2021 |
$
44,239,750.55
|
$
43,688,613.80
|
98.75% |
| 2020 | 43,677,094.80 | 43,029,940.84 | 98.52% |
| 2019 | 43,020,218.73 | 42,354,214.12 | 98.45% |