Planet Princeton

Princeton Homeowner Assessed at the Town Average Would Pay $17,336 in Property Taxes for 2015

If the proposed municipal, school, and county budgets are passed for 2015, the owner of a home in Princeton assessed at the town average of $796,000 would pay a total of $17,336  in property taxes in 2015, not including sewer fees.

The municipal portion of the tax would be $3,741. The school tax would be $8,512. The county tax would be $5,078.

The increase for the three taxes combined would be $282 for the homeowner assessed at the town average.

School and municipal budgets will be approved next month. The county freeholders usually approve the county budget in May or June.

Proposed municipal tax rate per $100 of assessed property value – 47 cents

Proposed school  tax rate per $100 of assessed property value –  $1.07

Proposed county tax rate per $100 of assessed property value – 63.8 cents

Total = $2.178 per $100 of assessed property value

 

Krystal Knapp

Krystal Knapp is the founding editor of Planet Princeton. She can be reached via email at editor AT planetprinceton.com. Send all letters to the editor and press releases to that email address.

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Wed 20

Phillips’ Mill 26th annual Photographic Exhibition

June 20 @ 1:00 pm - June 24 @ 5:00 pm
Thu 21

Princeton Farmers’ Market

June 21 @ 10:00 am - 3:00 pm
Thu 21

Capital City Farmers Market

June 21 @ 11:00 am - 2:00 pm
Thu 21

Community: By Donation Yoga Classes

June 21 @ 4:00 pm - 5:30 pm
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