Politics & Government
Middletown Township Adopts $63.5 M Spending Plan
The plan, which comes in under cap, would cost the average taxpayer an additional $43 a year for municipal services.
The owner of the typical home in Middletown Township will pay about $43 more in muncipal taxes then last year under a new 2012 municipal budget adopted by the Township Committee on July 12.
Under the $63.5 million spending plan, the owner of home assessed at $380,000, the township's average, would pay $1,835 for the municipal tax portion of the property tax bill.
The municipal tax rate will increase 1.1 cents, to 48.3 cents per $100 of assessed valuation. The increase in the $47.6 million tax levy does not exceed the state imposed two percent cap.
Find out what's happening in Middletownwith free, real-time updates from Patch.
“I hope to keep the increase under 2% in the upcoming years,” Mayor Anthony Fiore said. “It’s been quite a challenge because of general inflation, the cost of fuel going up… and the lack of state assistance. It’s been a struggle near impossible but we are going to try.”
The muncipal tax rate represents 21 percent of Middltown resident's total property tax bill. School taxes represent 62 percent. In the spring, the school board approved a $149.7 million budget that has a $125 million tax levy that will cost the average taxpayer an extra $46 a year.
