COMPARATIVE SCHEDULE OF TAX RATE INFORMATION*
| 2022 | 2021 | 2020 | |
|---|---|---|---|
| Tax Rate: | $3.761 | $3.737 | $3.660 |
| Apportionment of Tax Rate: | |||
| Municipal: | 1.170 | 1.104 | 1.099 |
| County: | 0.410 | 0.476 | 0.453 |
| Local School: | 2.181 | 2.157 | 2.108 |
| Assessed Valuation: | |||
| 2022 | $1,153,098,900.00 | ||
| 2021 | $1,156,348,450.00 | ||
| 2020 | $1,174,995,842.00 | ||
*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 2022 to be $37,250.
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 |
|---|---|---|---|
| Calendar Year2022 |
Tax Levy
$44,765,656.83
|
Cash Collections
$43,962,506.62
|
Percentage of Collection98.21% |
| Calendar Year2021 |
Tax Levy
44,239,750.55
|
Cash Collections
43,688,613.80
|
Percentage of Collection98.75% |
| Calendar Year2020 |
Tax Levy
43,677,094.80
|
Cash Collections
43,029,940.84
|
Percentage of Collection98.52% |