ROXBURY, NJ – Municipal taxes on a $400,000 home in Roxbury would increase by about $40 this year under a proposed budget introduced Tuesday by the township mayor and council.

If approved, the budget will require a 1 percent increase in municipal taxes and will include an increase of about $568,000 in total appropriations compared to 2014.

The municipal tax rate is only a part of a property owner’s tax bill, which also includes school, county and open space preservation taxes. Roxbury is anticipating minimal increases in these other taxes, projecting a 2015 tax rate of $4.091 per $100 of assessed valuation. The 2014 rate was $4.034.

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Roxbury Township Manager Christopher Raths said the proposed “minimal” municipal tax increase is significantly less than the 5.6 percent increase that was projected in December before township officials delved deeper into the numbers.

Residents expecting to see some bang for their buck might be pleased to experience the opposite, at least if those bangs are coming from their vehicles. Raths said Roxbury plans to spend more than $1 million in road projects this year and has scheduled a series of “neighborhood meetings” at which the various projects will be discussed.

The first of these sessions, to take place in May, will involve street paving earmarked for Circuit Drive, Grover Street, Meeker Street and Canal Street in Ledgewood.

In June, the meetings will revolve around summer paving jobs that include Lincoln Drive, Jefferson Drive, Kennedy drive, Rose Court, Glenn Drive and Madison Drive.

August will see meetings about a project on Unneberg Avenue and other roads if any money is left.

Raths said net valuation of taxable property in Roxbury decreased slightly compared to 2014, going from about $2.058 billion to $2.051 billion. “The township has not seen a significant growth in ratables for several years,” wrote the manager in a budget summary. “I anticipate this trend to continue for the next few years.”

However, the township’s total debt continues to decline. Currently at about $11 million, it should be fully paid off by 2018 as part of the township’s “pay as you go” goal of being debt-free.

The budget reflects about $29.2 million in revenue, about $22.8 million in total operating expenses and a $568,413 increase in total appropriations over 2014.