EGG HARBOR TOWNSHIP — Residents could see a 1.5 cent increase in their local tax rate if a $40.9 million budget is adopted.
A homeowner with a home assessed at $150,000 would see taxes increase by $22.50, according to the budget introduced by the committee on Wednesday night.
The tax rate would increase from 55.04 cents per $100 in assessed value to 56.54 cents, Township Administrator Miller said.
It is the largest tax increase the township has seen since 2015, when tax was increased by 1.3 cents, according to the budgets available on the township’s website, ehtgov.org.
Of the $40.9 million dollar budget, residents are responsible for making up $22.9 million in municipal taxes.
The proposed budget will be available on the township’s website for residents to review before the public hearing, which is scheduled for April 4.