WARETOWN, NJ – Ocean Township residents may notice a slight tax increase in their new tax rate. Nevertheless, the increase in local taxes from 2.030% to 2.068% still puts the municipality’s rate at less than the state average.
Last year, New Jersey property owners paid an average of 2.44% in real estate taxes. In Ocean County, Lakehurst residents pay the highest property taxes at 3.133%.
According to Deputy Mayor Ken Baulderstone, local taxes include garbage, recycling, lighting, and snow removal. That said, the municipality collects additional revenue on behalf of other entities.
“The breakdown of the tax collected by the Township is divided up three ways,” explained Baulderstone. “The Board of Education receives 44% and Ocean County, 22%.”
Municipal taxes, including open space, represent 34% of the overall tax revenue collected from Township residents.
In the meantime, property owners received their third-quarter tax bills late. Committeewoman Lydia Dodd said the Township had to wait for the tax rate to be certified.
“Once the tax rate was certified, the bills were printed and mailed,” shared Dodd. “They arrived at residents during the week of August 5th.”
During the August Township Committee meeting, the Committee passed a resolution authorizing a grace period for third-quarter taxes until September 4, 2019. After that, interest will revert back to the original statutory due date of August 1, 2019.
“Included with the tax bill was information regarding the Township of Ocean’s property tax savings reward program for Township property owners,” said Dodd. “The Township believes that this agreement will stimulate the local economy and offer residents greater rewards.”
Municipal Cards, LLC introduced the concept of providing property taxpayers with a reward for shopping local in several New Jersey municipalities. The Ocean Township Estate Card requires residents to deposit money in a prepaid debit card and use it to secure a base reward of .25% towards their tax bills.
Stephanie A. Faughnan is a local journalist and Director of Writefully Inspired, a professional writing and resume service. Feel free to contact her at email@example.com.