A-7
BOROUGH OF SOMERVILLE
CURRENT FUND
TAXES RECEIVABLE AND ANALYSIS OF PROPERTY TAX LEVY
YEAR ENDED DECEMBER 31, 2021
Scroll horizontally to view all columns in this schedule.
| Year |
Balance Dec. 31, 2020 |
Added Taxes and Levy |
Collected |
State Veterans' and Senior Citizens' Deductions |
Transferred to Tax Title Liens |
Adjustments and Cancelled |
Balance Dec. 31, 2021 |
|
|---|---|---|---|---|---|---|---|---|
| Prepaid | 2021 | |||||||
| 2019 | $1.80 |
$ |
$ |
$1.80 |
$ |
$ |
$- |
|
| 2020 | 577,299.13 | 571,410.70 | 5,888.43 | |||||
| Subtotal | 577,300.93 | - | - | 571,412.50 | - | - | - | 5,888.43 |
| 2021 | 44,239,750.55 | 417,093.82 | 43,231,769.98 | 39,750.00 | 48,178.93 | $9,254.20 |
493,703.62 | |
$577,300.93 |
$44,239,750.55 |
$417,093.82 |
$43,803,182.48 |
$39,750.00 |
$48,178.93 |
$9,254.20 |
$499,592.05 |
|
| Ref. | A | Below | A | A-4 | A-8 | A-7 | Reserve | A |
Analysis of Property Tax Levy:
General Purpose Tax:
| General Property Tax | $44,150,705.96 |
||
| Added Taxes | 89,044.59 | ||
$44,239,750.55 |
Tax Levy:
| Local District School Tax Levy | A-12 | $25,134,682.00 |
|
| Special District Taxes | A-12 | 619,780.24 | |
| County Tax | A-12 | 5,523,410.23 | |
| County Added and Omitted | A-12 | 4,495.13 | |
$31,282,367.60 |
|||
| Local Taxes: | |||
| Municipal Purposes | A-2 | $12,872,833.49 |
|
| Added Taxes | 84,549.46 | ||
| 12,957,382.95 | |||
$44,239,750.55 |
|||
| Prepaid Taxes | A-4 | $429,726.12 |
| Prepaid Taxes - December 31, 2021 | A | $429,726.12 |
Tax Title Lien Activity:
| Tax Title Lien Balance - December 31, 2020 | A | $403,785.63 |
| Transferred from Taxes Receivable | A-7 | 48,178.93 |
| Adjustments | Res. | 6,807.11 |
| Collected | A-4 | (81,979.15) |
| Tax Title Lien Balance - December 31, 2021 | A | $376,792.52 |
Current Year Tax Collections:
| N.J. Senior Cit. & Vets. | A-2 | $39,750.00 |
| Prepaid Taxes - 2021 | A-2 | 417,093.82 |
| Current Year Collections | A-2 | 43,231,769.98 |
| A-1 | $43,688,613.80 |
Delinquent Collections:
| Prior Year Taxes | A-2 | $571,412.50 |
| A-1 | $571,412.50 |