The proposed Woodbine municipal budget will change virtually nothing for the average residential property owner.
The tax levy is dropping by half of 1 percent, and since the average home assessment remains at about $198,300, the average tax for local purposes stays practically flat at about $466.
The total size of the budget looks as if it is dropping by half, but that is almost entirely accounted for by nearly $1.5 million in grants that were included in last year’s budget but are not anticipated this year. That does not affect the amount of money raised by taxation.
Woodbine’s average residential property assessment is often stated as closer to $122,400, but borough Tax Assessor John Miller said that figure is skewed downward because it includes about 540 campground properties.
Excluding those properties, he said, gives a more accurate view of the assessments for properties commonly thought of as houses.
The budget was introduced in March and the public hearing is scheduled on Thursday, April 18, at 8 p.m. in the municipal building located at 501 Washington Ave.
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|Proposed Woodbine 2013 Municipal Budget|
|Avg. residential assessment||$198,300||$198,300||$0|
|Avg. local purpose tax bill||$468||$466||($2)