AC Pilot Program Limbo Means Higher Taxes For Towns

ICHELLE BRUNETTI POST

Atlantic City’s share of the 2015 county tax burden will fall to about 20 percent from 28 percent last year, if the Payment in Lieu of Taxes (PILOT) legislation does not become law and tax bills continue to be based on equalized values.

The other 22 municipalities will have to make up the difference, to cover the $160 million to be raised by taxation for this year's $201 million county budget.
Entire article at
http://www.pressofatlanticcity.com/news/breaking/a-c-pilot-limbo-means-county-tax-bill-increases-towns/article_bbcde830-3249-11e5-bf62-a729b67dcef8.html
   Share of Atlantic County Tax Burden*

                     2014                                                           2015

Absecon         1.9% $3.2 million                            2.1% $3.5 million

Atlantic City   28.6% $40 million                           20.1% tbd**

Brigantine       8% $12.9 million                              9.6% $15.9 million

Buena             .6% $1million                                     .7% $1.2 million

Buena Vista    1.5% $2.5 million                               1.6% $2.7 million

Corbin City     1.3% $207,000                                   1.4% $234,000

EH City***        .6% $955,000                                     .6% $971,000

EH Twp         10.6% $17.4 million                           11.3% $18.8 million

Estell Manor     .4% $656,000                                     .44% $746,000

Folsom            .44% $740,400                                   .47% $774,000

Galloway       7% $10.9 million                                 8.2% $13.5 million

Hamilton       5.6% $9.1 million                                6% $10 million

Hammonton  3.2% $5.3 million                                3.7% $6.1 million

Margate       9.5% $15.5 million                               10.7% $17.8 million

Mullica         1.2% $2 million                                     1.3% $2.2 million

Northfield     2.2% $3.5 million                                  2.6% $4.3 million

Pleasantville*** 2.3% $3.8 million                              2.1% $3.6 million

Port Republic    .3% $517,000                                    .36% $608,000

Somers Point  2.9% $4.7 million                                3.2% $5.3 million

Ventnor City   5.7% $9.2 million                                6.3% $10.3 million

Weymouth       .38% $638,000                                   .44% $739,000

*Amounts paid are net, after subtracting refunds due for previous years’ overpayments, such as after successful tax appeals.

**20% would be $32 million, overpayments would then be subtracted.

***Egg Harbor City and Pleasantville property values fell significantly enough to keep their percentage the same or decrease it. Some towns’ values decreased, but percentage share still increased because Atlantic City’s went down so much more.

SOURCE: Atlantic County Board of Taxation

Linwood        2.4% $4 million                                   2.7% $4.5 million

Longport      4.6% $7.7 million                                  5.2% $8.6 million