The Grace Period for third quarter 2008 taxes is extended to
5:00pm, Monday, September 8th.
The total tax rate for 2008 is $5.225 per $100 of assessed valuation. The average homeowner will pay $7,733.00, an increase of $170.20 from the amount that was paid in 2007. For comparison purposes, the average taxpayer has a home assessed at $148,000. If your assessed valuation is below the average, you will pay less; however, if your assessed valuation is higher than the average, you will pay more.
COUNTY TAX: The County tax rate for 2008 is $.663 per $100 of assessed valuation. The average homeowner will pay $981.24 in County taxes for 2008, a decrease of $17.76 from the amount paid in 2007.
COUNTY LIBRARY TAX: The rate for 2008 is $.062 per $100 of assessed valuation. The average homeowner will pay $91.76, the same amount that was paid in 2007.
COUNTY OPEN SPACE TAX: The rate for 2008 is $.083 per $100 assessed valuation. The average homeowner will pay $122.84, an increase of $7.40 from the amount that was paid in 2007.
LOCAL MEDFORD LAKES DISTRICT SCHOOL TAX: The rate for 2008 is $2.247 per $100 of assessed valuation. The average homeowner will pay $3,325.56, an increase of $198.32 from the amount that was paid in 2007.
LENAPE REGIONAL DISTRICT HIGH SCHOOL TAX: The rate for 2008 is $1.029 per $100 of assessed valuation. The average homeowner will pay $1,522.92, a decrease of $79.92 from the amount that was paid in 2007.
MUNICIPAL PURPOSE TAX: The rate for 2008 is $1.141 per $100 of assessed valuation. The average homeowner will pay $1,688.68, an increase of $62.16 from the amount that was paid in 2007.