SOUTH BRUNSWICK – With the adoption of the South Brunswick municipal budget on June 25, municipal taxes are set to rise by about $75 this year for the average taxpayer.
The total general appropriations for 2019 is $58.73 million. The utility fund is $30.49 million, according to Joseph Monzo, South Brunswick’s chief financial officer and deputy manager.
The tax levy to support all municipal services, including the library, is $37.3 million.
The municipal tax rate, not including the library, is 88.62 cents per $100 of assessed valuation on the average home that is assessed at $190,000.
The owner of an average assessed home will pay $1,684 in municipal taxes in 2019, an increase of $75 from 2018.
The only difference from the preliminary budget was the addition of a court employee for half the year, Monzo said.
Municipal taxes are one item on a property owner’s tax bill, which also includes South Brunswick school taxes and Middlesex County taxes.
Individuals pay property taxes based on the assessed value of their home and/or property, and the tax rate that is set by each taxing entity.
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