Close this search box.

Friday, June 21, 2024


Lower Reduces Tax Rate Increase for 2023

LT Logo
LT Logo

By Christopher South

VILLAS – Lower Township Council passed its 2023 municipal budget with a slightly smaller tax rate increase than when introduced. 

The budget was introduced with a proposed tax rate increase of 2.5 cents per $100 of assessed value. Township Clerk/Deputy Manager Julie Picard read the budget message, which indicated the tax rate would now be 2.2 cents per $100.  

At 2.5 cents, the owners of a home valued at $250,000 would expect to pay an additional $62.50 this year. With a 2.2-cent tax rate increase, the owner of a $250,000 home would see taxes go up $55 in 2023. This is because the township is applying an additional $110,000 from its $8.4 million surplus toward the 2023 budget.   

The 2023 municipal budget, as introduced, was $32,273,808. The 2023 tax levy will raise $23,021,351 through local property taxes. The levy increase is a little over $1 million over 2022 taxes.  

The major contributors to an increased budget are insurance, particularly health insurance, utilities and pensions.  

According to municipal auditor Leon Costello, of Ford Scott & Associates, Lower Township has one of the smaller tax rate increases in the area, citing tax rate increases of up to 8.4 cents per $100 of assessed value elsewhere. 

“It’s been a mess everywhere,” Costello said, but assured Lower Township Council, “You are at the bottom of the increases.” 

Costello said Lower Township was able to stave off a larger tax rate increase by adding the 3% occupancy tax, which became effective earlier this year. The occupancy tax is projected to bring in $514,000 in new revenue.  

Costello said some communities might have a more difficult time with their 2024 budgets than in 2023, but not Lower Township.   

Picard read in the budget address that Lower Township’s 2022 collection rate was 99.25% – one of its highest ever. The budget is developed factoring a 97.41% tax collection rate to compute the reserve for uncollected taxes. 

The total assessed value of Lower Township properties is $3.7 billion, which is an increase of $22 million over 2022.   

Spout Off

Del Haven – Convicted felons should not be allowed to run for office . They can’t own a gun , So why should they be allowed to run for political office. Isn’t that like letting the fox into the chicken coop

Read More

Del Haven – Digital World has issued this warning to investors about the merger with Trump’s Trump Media & Technology Group (TMTG): The Trump Taj Mahal filed for Chapter 11 bankruptcy in 1991. The Trump…

Read More

Avalon – Here’s a suggested quiz for the schoolchildren of Louisiana: ‘Look at the poster on the wall of the Ten Commandments and write down the total number Donald Trump has broken.

Read More

Most Read

Print Edition

Recommended Articles

Skip to content