Manchester Has One Of State's Lowest Tax Rates; Highest Bill Increases
Cost of rebuilding after Sandy could affect rates, according to Star-Ledger analysis
Manchester's property tax bills remain the among lowest in the state. But the township had one of the highest increases in 2012.
Manchester's 3.3 percent tax hike was 120th out of 566 total tax bill hikes.
The township's tax bill is 532 out of 566 municipalities, according to a Star-Ledger analysis. It's also about half of the statewide average.
The Star-Ledger reported noted that property taxes statewide rose 2.4 percent in 2011, the first year Christie’s 2 percent cap was in effect. But the trend of lower increases could be reversed because of Hurricane Sandy, according to the report.
In Manasquan, which suffered some of the worst damage from Sandy, local officials said the cost of rebuilding might drive up tax rates by at least 20 percent, the report said. To top it off, the tax base shrank as properties were washed away, according to the report. Towns are allowed to exceed the 2 percent limit on property tax collections for emergencies such as Sandy.
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