Individuals pay more or less in taxes depending on the assessed value of their home and/or property, and the tax rate that is set by each taxing entity. K-8 school taxes are one item on a property owner’s tax bill, which also includes Freehold Township municipal taxes, Freehold Regional High School District taxes, Monmouth County taxes and a fire district tax. If an individual’s home was assessed at $450,000 in 2021 and is still assessed at $450,000 in 2022, the K-8 school taxes would decrease slightly from $4,922 in 2021 to $4,919 in 2022. The owner of a home that is assessed at the township average will pay about $5,393 in K-8 school taxes (1.0913 x 4,942). The average home in Freehold Township is now estimated to be assessed at $494,212. In 2022, the K-8 school tax rate is projected to decrease slightly to $1.0913 per $100 of assessed valuation. The owner of a home that was assessed at the township average paid about $4,661 in K-8 school taxes (1.0939 x 4,261). The average home in Freehold Township was assessed at $426,190. In 2021, the K-8 school tax rate was $1.0939 per $100 of assessed valuation. The school district’s 2021-22 budget totaled $85 million and was supported by a tax levy of $73.5 million.įrom 2021-22 to 2022-23, total appropriations have increased by $1.5 million and the tax levy has increased by $1.4 million.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |