Guest Johny Harrison Posted October 24, 2005 Report Share Posted October 24, 2005 http://www.nj.com/news/propertytaxes/index...p?frmtown=30210 • The Star-Ledger Sunday, October 23,2005 • News Home PROPERTY TAXES: How does your town compare? THE BASICS: This table shows raw data about Harrison and comparative rankings. The percentile rankings are on a hundred-point scale, with 100 meaning the town is the highest in the state in that category. In any given category, a town's ranking should be about the same as its population ranking. If not, this is an indication that this town is above or below what might be expected based on the town's size. COUNTY: Hudson County TOWN: Harrison ( Actual Amount ) / Percentile POPULATION: 14,164 / 69 HOMEOWNERS: 1,931 / 40 TOTAL COST OF LOCAL GOVERNMENT: $61,087,830 / 76 Municipal cost: $29,458,993 / 86 School cost: $31,628,837 / 71 Property Tax Levy: $15,469,290 / 51 Residential Levy: $8,563,864 / 41 Non-Residential Levy: $6,905,426 / 72 State Aid: $26,378,725 / 89 Miscellaneous Revenue: $19,239,815 / 90 The sign of a good mayor would be if we rank a 69 in population, our Total Cost of Local Gov. should be at 69 or below. Our problem will come when the State decides to cut back State Aid -------------------------------------------------------------------------------- COST AND REVENUE ANALYSIS: This table shows how costs and revenues are distributed among homeowners in Harrison. The first measure -- per capita cost -- is a general measure of how much is being spent. The other numbers are specifically tied to residential property taxes. All figures are presented on a "per homeowner" basis. If a town ranks high in the cost categories and low in the revenue categories, the town will rank high in taxes. COUNTY:Hudson County TOWN:Harrison ( Actual Amount ) / Percentile PER CAPITA COST OF GOVERNMENT: $4,313 / 87 COST COST OF GOVERNMENT PER HOMEOWNER: $31,635 / 97 97 meanns 97%, that means in the WHOLE STATE OF NJ we rank as one of the highest in COST OF GOVERNMENT PER HOMEOWNER? That's really bad, GOOD JOB MAYOR Municipal cost per homeowner: $15,256 / 98 This could be how high the Average home owner will pay if we lose state aid!! School cost per homeowner: $16,380 / 96 Revenues: STATE AID PER HOMEOWNER: $13,661 / 9797 meanns 97%, that means in the WHOLE STATE OF NJ we rank as one of the highest in COST OF GOVERNMENT PER HOMEOWNER? That's really bad, GOOD JOB MAYOR If a town is below average (50) in these categories, then its ranking in costs per homeowner will be lower than its ranking in taxes per homeowner Shit were in the 90's almost in every category Municipal Aid Per Homeowner: $5,179 / 99 That can't go any higher, GOOD JOB MAYOR. If that aid goes down, our taxes will go up) School Aid Per Homeowner: $8,481 / 96 That can only go 4% higher, GOOD JOB MAYOR. If that aid goes down, our taxes will go up)[/ MISCELLANEOUS REVENUE PER HOMEOWNER: $9,964 / 97 NON-RESIDENTIAL TAX REVENUE PER HOMEOWNER:(commercial, industrial, farm) $3,576 / 91 RESIDENTIAL TAX REVENUE PER HOMEOWNER: (average tax bill) $4,435 / 55 Shit were in the 90's almost in every category -------------------------------------------------------------------------------- WHO PAYS? This table divides local revenues in Harrison into four categories, showing how the share of local government costs borne by homeowners varies greatly from town to town. State aid combines municipal and school funding; miscellaneous revenue includes a wide variety of sources, from parking tickets to surplus revenue; non-residential tax revenue includes commercial, industrial, and all other properties that contribute to a town's tax base; and residential includes all taxes paid by homeowners. CATEGORY / FIGURE: COUNTY: Hudson County TOWN: Harrison Cost of Government Paid For By: STATE AID / 43% That means the State pays for 43% of all our expenses, GOOD JOB MAYOR. (If that aid goes down, our taxes will go up) MISCELLANEOUS REVENUES: 31% NON-RESIDENTIAL TAX REVENUE: 11% RESIDENTIAL TAX REVENUE: 14% That means that my high taxes only pays for 14% of all our TOWN expenses, GOOD JOB MAYOR. (What will happen if the Metrostars go bust and we get stuck paying $40 million for the bonds to buy property and turn it over to some wealthy developer?) [/color][/size] Link to comment Share on other sites More sharing options...
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