County property taxes up 2%

YOUR COUNTY PROPERTY TAXES LOOK SET TO INCREASE 2%

The Morris County Board of Chosen Freeholders revealed the proposed budget for 2019. The budget includes a 2% increase in property taxes.

 

Recall that your property tax bill has four parts: School (about 48% of total); Harding Municipal (about 24%), Harding Open Space (a few percent) and Morris County (about 24%).

 

Morris County is budgeting $315.3 million in spending for 2019, up 3.1% from 2018.  Total tax levy of $243.m, is up 2.6%. The rest of the revenues come from non-tax sources. With the ratable base in the County estimated to increase 0.6% the tax rate can increase only 2% to yield the needed funds.

 

The Freeholders’ highlighted the following items in the budget: Road and bridge maintenance ($20.7M); County College of Morris advance manufacturing and engineering center ($9.3M); law enforcement equipment ($8M), Building Maintenance projects ($6.7M).

 

Increases in Health care, pension, debt service and park commission were highlighted as drivers of expense increases.

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