Wednesday, April 09, 2014

Mullica Tax Levy Raised 3.5 Cents For 2014


  • Mullica Township adopts budget with slight tax increase  
 
MULLICA TOWNSHIP _ Township committee adopted a $5.5 million 2014 budget Tuesday night that raises the local tax levy 3.5 cents.

The local tax rate will increase to just under $1.17 per $100 valuation, meaning the owner of the average home valued at about $116,000 would pay $1,356 in local purpose tax, up about $41 from last year.

The total tax rate of $4.25 per $100--with school and county taxes included, is up almost 4 percent, and will cost the same average owner $4,930 for the year.
Mayor Jim Brown said lagging tax receipts and drops in other revenue made the tax increase necessary.

"We started out looking at a 12-cent increase," said Brown "but we looked at items that wouldn't have an impact on services" and cut them out of the budget.
In spite of a drop in overall spending from $5.56 million to $5.51 million, the township needs to raise about 3 percent more from the local tax levy, which increases to $3.425 million.

Entire article at
http://www.pressofatlanticcity.com/news/breaking/mullica-township-adopts-budget-with-slight-tax-increase/article_deebf35c-c012-11e3-bb93-001a4bcf887a.html

1 comment:

Anonymous said...

This increase is steeper than I thought and bigger increase than many of our neighboring towns but we do better than AC. When the reval hits there will be a lot of tax appeals because while many folks will take another hit in taxes others can't afford it. I don't think the powers that be care since they can always get tax liens and foreclosures. They know that the money is a given.