Close this search box.

Sunday, June 16, 2024


Record Ratables Jump Assures Tax Rate Cut

By Rick Racela

CREST HAVEN — An apparent leveling off the county’s real estate boom shouldn’t have any effect next year on county government’s previous five-year history of having more money than it can spend, and cutting real estate taxes as a result.
The county Tax Board is estimating the equalized valuation of ratables to be used in the county’s 2006 budget will total some $43 billion.
That’s a $7.6 billion, the highest dollar boost ever, 21.5 percent increase, compared to last year’s $6.9 billion, 24 percent increase.
The 2006 numbers are estimated, but reliable.
The current escalation in ratables started in 2001 and began the five-year record of signifi-cant tax rate reductions.
Ratables were $15.6 billion in 2000 and the county equalized tax rate was 41.5 cents.
This year’s tax rate is 20.6 cents. It seems certain to drop into the teens next year.
The 1990s, when ratables were stuck at the $13 billion range and the county tax rate was inching up, are a distant memory. In 1995, the county laid off a handful of people and the county tax rate was stuck at just under 42 cents.
What a difference a decade makes.
Contact Zelnik at

Spout Off

Goshen – I think all of the police departments should promote by the amount of work the officers do. Not by taking a test. These promotions are given to the pets of the Chiefs, Mayors and Commissioners. This…

Read More

Cape May – Curtis Bashaw, to say Andy Kim does not deserve a promotion and is not NJ is ridiculous. He was helping clean up from the insidious insurrection on Jan 6 while others were crying or trying to kiss…

Read More

Cape May – Re: The Cape May "meltdown" (probably a tourist) on the French fries sold in our restaurants. I can fix that for you………………………Don't order French fries!! Cape May has…

Read More

Most Read

Print Edition

Recommended Articles

Skip to content