(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2025 LEVY
1.
Amount of Levy as per Duplicate (Analysis) #
$
48,380,889.03
or
(Abstract of Ratables)
$
2.
Amount of Levy - Special District Taxes
$
3.
Amount Levied for Omitted Taxes under
N.J.S.A. 54:4-63.12 et seq.
N.J.S.A. 54:4-63.12 et seq.
$
4.
Amount Levied for Added Taxes under
N.J.S.A. 54:4-63.1 et seq.
N.J.S.A. 54:4-63.1 et seq.
$
55,355.96
5a.
Subtotal 2025 Levy
$
48,436,244.99
5b.
Reductions Due to Tax Appeals**
$
5c.
Total 2025 Tax Levy
$
48,436,244.99
6.
Transferred to Tax Title Liens
$
57,148.96
7.
Transferred to Foreclosed Property
$
8.
Remitted, Abated or Canceled
$
16,809.99
9.
Discount Allowed
$
10.
Collected in Cash: In 2024
$
359,776.30
In 2025*
$
47,300,414.34
Homestead Benefit Credit
$
State's Share of 2025 Senior Citizens
and Veterans Deductions Allowed
and Veterans Deductions Allowed
$
29,500.00
Total To Line 14
$
47,689,690.64
11.
Total Credits
$
47,763,649.59
12.
Amount Outstanding December 31, 2025
$
672,595.40
13.
Percentage of Cash Collections to Total 2025 Levy,
(Item 10 divided by Item 5c) is
98.45%
Note : If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here and complete sheet 22a.
14.
Calculation of Current Taxes Realized in Cash:
Total of Line 10
$
47,689,690.64
Less: Reserve for Tax Appeals Pending
State Division of Tax Appeals
State Division of Tax Appeals
$
To Current Taxes Realized in Cash (Sheet 17)
$
47,689,690.64
Note A:
In showing the above percentage the following should be noted:
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50,
the percentage represented by the cash collections would be
$1,049,977.50 divided by $1,500,000, or .699985. The correct percentage to
be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%.
# Note:
On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions.
*
Include overpayments applied as part of 2025 collections.
**
Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing
body prior to introduction of municipal budget
body prior to introduction of municipal budget