The total 2013 property tax rate is $2.293 per $100 of assessed valuation. The municipal portion of the total tax rate is $0.433 per $100 of assessed valuation. For the average residential homeowner assessed at $602,308, total property taxes are $13,810.93 with $2,607.99 retained by the Township to fund services. The remaining $11,202.94 will be remitted to the Livingston Board of Education, the County of Essex and the Municipal Open Space Trust Fund. From the total tax bill, approximately 18.9 cents supports the municipal operations of the Township.

Tax Dollar 2012

Property taxes will provide 70% of the general fund revenues needed to fund municipal services in 2013. Property taxes are necessary to fund the portion of service costs that is not covered by other local revenues and State payments. Property tax dollars are allocated among service areas that produce insufficient own-source revenues from their operations.

The average monthly cost of Township services for the average residential taxpayer in 2013 will be $216.86. The distribution of those tax dollars is illustrated in the following chart.

General Fund Services 2013