A number of successful tax appeals played a large role in the proposed increase of about 4 percent for Ventnor’s municipal tax bill in 2013, even as the tax levy decreased.

For the average residential assessment of $386,265, the proposed rate means an annual municipal tax bill of about $3,310, an increase of about $123.

Much of the proposed rate increase of about 3.2 cents per $100 of assessed valuation stems from successful tax appeals, Mayor Mike Bagnell said.

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“The biggest part of it is the fact that so many properties were reassessed last year,” Bagnell said. “Many of them (were) beach-block homes. Their assessments were reduced, and we lost a lot of revenue by that.”

The total general budget would be about $29.4 million, City CFO Toro Aboderin said. The tax levy would decrease by about $819,000, or about 4 percent, to about $21.3 million.

The municipal tax rate would rise to about 85.7 cents per $100 of assessed value, or about $857 per $100,000, compared with about 82.5 cents per $100 in 2012. The rate does not include school, county and other types of property taxes.

A hearing on the proposed budget is scheduled for 5:30 p.m. Thursday, April 18, at Ventnor City Hall.

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