Absecon, NJ - Atlantic County - Municipality Information
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Municipality Data

https://en.wikipedia.org/wiki/Absecon,_New_Jersey

Municipal Contact Information

Municipal Clerk(s):

Clerk Phone:

Clerk Fax:

Municipal Website:

Code Book/Ordinance:

Documents

Municipality Tax Rates & Ratios

Tax Rate

The General Tax Rate is a multiplier for use in determining the amount of tax levied upon each property. It is expressed as $1 per $100 of taxable assessed value. This rate is used to compute the tax bill.

Tax Ratio

Although assessments may remain unchanged from year-to-year; market values are constantly changing. To account for those changes, the Director of the Division of Taxation performs an annual study for each taxing district which compares the property sold to its assessed value. Based on this study, the Division of Taxation establishes an "Equalization Ratio" for each municipality. N.J.S.A. 54:1-35a et seq. For example, in Boonton Town the 2004 Equalization Ratio is 64.86% whereas in Kinnelon Borough, the Equalization Ratio is 87.42%. In municipalities that have conducted revaluations, the Equalization Ratios are 100%.


The property information displayed here is obtained from public records. State Information Services LLC makes no guarantees on the validity of the data presented. Although deemed reliable, information may not be accurate. Information should be independently confirmed, and you use the information displayed here at your own risk.

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