(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2024 LEVY
| 1. | Amount of Levy as per Duplicate (Analysis) # | $ | 46,832,590.56 | ||
| 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. |
$ | |||
| 4. |
Amount Levied for Added Taxes under N.J.S.A. 54:4-63.1 et seq. |
$ | 193,376.63 | ||
| 5a. Subtotal 2024 Levy | $ | 47,025,967.19 | |||
| 5b. Reductions Due to Tax Appeals** | $ | ||||
| 5c. Total 2024 Tax Levy | $ | 47,025,967.19 | |||
| 6. | Transferred to Tax Title Liens | $ | 41,949.07 | ||
| 7. | Transferred to Foreclosed Property | $ | |||
| 8. | Remitted, Abated or Canceled | $ | 36,467.97 | ||
| 9. | Discount Allowed | $ | |||
| 10. | Collected in Cash: In 2023 | $ | 231,000.40 | ||
| In 2024* | $ | 46,232,730.81 | |||
| Homestead Benefit Credit | $ | ||||
|
State's Share of 2024 Senior Citizens and Veterans Deductions Allowed |
$ | 32,500.00 | |||
| Total To Line 14 | $ | 46,496,231.21 | |||
| 11. Total Credits | $ | 46,574,648.25 | |||
| 12. Amount Outstanding December 31, 2024 | $ | 451,318.94 | |||
|
13. Percentage of Cash Collections to Total 2024 Levy, (Item 10 divided by Item 5c) is 98.87% |
|||||
| 14. Calculation of Current Taxes Realized in Cash: | |||
| Total of Line 10 | $ | 46,496,231.21 | |
|
Less: Reserve for Tax Appeals Pending State Division of Tax Appeals |
$ | ||
| To Current Taxes Realized in Cash (Sheet 17) | $ | 46,496,231.21 | |
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%.
# 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 2024 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