RED BANK: BUDGET & TAX ON AGENDA

A chart used in a budget presentation last week shows a tax increase of just $5.03 for the year for the owner of a home assessed at the borough average of $469,876. (Click to enlarge.)

By JOHN T. WARD

red bank taxes

The owner of a typical Red Bank home would pay just $5 more in local property taxes under the 2022 budget up for adoption Wednesday night, according to Councilwoman Angela Mirandi.

On the flip side, the average residential valuation on which the tax will be applied is up 16 percent in the past year, said Mirandi, who heads the council’s finance committee.

 

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