|
 |
| Understanding
the Avon-by-the-Sea Total Tax Rate |
| |
In
Avon-by-the-Sea the total tax rate
consists of three separate and autonomous
entities: |
| Avon
School District |
| Monmouth
County |
| and
the Borough of Avon. |
 |
| Avon
School District: |
| Budget
is created by the Board of Education
and voted on by the community. |
|
| Monmouth
County: |
| The
Board of Chosen Freeholders compiles
the budget. Your County budget appears
on the tax bill broken down as follows: |
| County
tax |
| Health
tax |
| Open
space tax |
|
| Borough
of Avon: |
| The
Board of Commissioners constructs
the budget, publishes a synopsis in
the newspaper and then votes on it
after two public hearings. |
|
| Each
budget is submitted to the Monmouth
County Board of Taxation, who adds
the three budgets together and divides
that total by the total assessed value
of the municipality. The rate is based
on each $100.00 of assessed value.
If you own a home with an assessed
value for 2010 of $945,700.00, and
the 2010 tax rate is $0.956 per $100
of assessed value, your taxes would
be $9,040.89. |
|
| $945,700.00 |
| X
$1.007 per $100.00 |
| $9,523.20 |
|
| The
Tax was distributed as followed: |
| |
Dollar
Amount |
Percentage
of tax |
| School
District |
$3,366.69 |
33.353
% |
| County
Agencies |
$2,619.59 |
27.507
% |
| Borough |
$3,536.92 |
37.140
% |
| Total
2011 tax |
$9523.20 |
100
% |
|
| |
|
|
|
 |
| 2011
TAX RATE OF 1.007 |
| |
Distribution
of Your Taxes, 2011 |
| Type
of Tax: |
% |
Of
the Tax Rate |
$$$$ |
| School
District |
35.353
% |
of
the tax rate |
0.356 |
| County
|
27.507
% |
of
the tax rate |
0.277 |
| Borough |
37.140
% |
of
the tax rate |
0.374 |
| Total
|
100% |
of
the tax rate |
1.007 |
|
|
| The
tax was distributed as follows for a house
assessed at $945,700.00: |
|
| |
Dollar
Amount |
Percentage
of tax |
| School
District |
$3,366.69 |
35.353
% |
| County
Agencies |
$2,619.59 |
27.507
% |
| Borough |
$3,536.92 |
37.140
% |
| Total
2009 Tax |
$9,523.20 |
100
% |
|
|
|
|
|
|
|
