Township Proposes $59 Tax Increase
The 4.9% bump in taxes is still within the 2% tax levy cap, officials say
Mahwah’s municipal tax rate likely won’t be finalized until mid-March when the township council is required to introduce the 2013 budget. However, the initial township budget the mayor and administration presented to the council Thursday night calls for a 4.9% tax increase, which would translate into an about $59 per year increase for the average homeowner in the township. Mahwah Business Administrator Brian Campion and Chief Finance Officer Ken Sesholtz outlined the high points of the budget, which will set the municipal tax rate once its approved, at a town council meeting Thursday night. According to Campion, several uncontrollable factors have led to the increased tax rate. A $46 million decrease in the township’s overall assessed …
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