The 2017 tax rate has been certified by the county and – for a house assessed at $253,000 – the average property tax in Roselle Park is just $47 under $10,000.
$253,000 is the new average assessment after the townwide revaluation conducted in 2015. Previously, the average was $65,000.
Property tax is broken down into five (5) major components: school, municipal, county, open space, and library. The breakdown for this year’s property tax is listed below:
Average Tax | |||
|---|---|---|---|
| County | $1,391.50 | $37.95 | 13.9% |
| Open Space | $37.95 | $0.00 | 0.4% |
| School | $5,295.29 | $149.27 | 53.2% |
| Municipality | $3,139.73 | $121.44 | 31.6% |
| Library | $88.55 | $2.53 | 0.9% |
Total | $9,953.02 | $311.19 | 100.0% |
Although the municipality accounts for a little over 31¢ of every dollar, it is the only portion of property taxes that had an average dollar increase – a significant one at 33% – over the previous year. All other components either remained stable or had a decrease. The school increase in 2016 was $242 while this year had only a $149 increase.
Average Tax | |||
|---|---|---|---|
| County | $1,353.55 | $63.25 | 14.0% |
| Open Space | $37.95 | $0.00 | 0.4% |
| School | $5,146.02 | $242.88 | 53.4% |
| Municipality | $3,018.29 | $91.08 | 31.3% |
| Library | $86.02 | $2.53 | 0.9% |
Total | $9,641.83 | $399.74 | 100.0% |
To date, no one on the governing body has provided a detailed explanation as to what resulted in a $121.44 increase in municipal taxes. Initially, mayor & council claimed that the municipal increase was only $95.94 but an incomparable average assessed value was being used (link).
In total, this year’s amount to be collected from property taxes is $41,328,858.14. This is to be collected from 3,657 properties, which includes 3,302 residential properties.
| School Tax | $21,992,706.00 |
|
| Municipal Tax | $13,034,370.97 |
|
| County Tax | $5,769,180.99 |
|
| Library Tax | $367,362.73 |
|
| Open Space Tax | $165,237.45 |
|
$41,328,858.14 |
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