DENVILLE, NJ -- The Denville Township Council unanimously introduced the 2021 municipal budget during its council meeting, Tue Mar 2.
This year, the total budget amount is $23,374,812.64, with a municipal tax rate of $0.4455. The total budget amount in 2020 was $23,114,429.82, with a municipal tax rate of $0.4413.
This year, the average township home in Denville is assessed at $408,000, with a homeowner paying $1,817.64 in municipal taxes. Last year, the house assessment was at $406,000, with the homeowner paying $1,791.68 in municipal taxes.
For every $100,000 in assessed value, a property owner will be paying $445.50 in 2021 for the municipal portion of their property taxes. In 2020, they would have paid $441.30. For every $300,000 in assessed value, a township property owner will be paying 1,336.50 in 2021 for the municipal portion of their property taxes. In 2020, they would have paid $1,323.90.
“The year of COVID was a difficult one to navigate Denville’s finances,” said Chief Financial Officer Michael Guarino.
“They were under constant review by administration and council. All in all, everyone made hard decisions, and Denville finished yearend in a good financial position to move forward in 2021.”
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