By JOE FISHER
The average Red Bank homeowner would see a $150 property tax increase under a 2013 municipal budget introduced by the borough council Wednesday night.
The proposed $21.2 million spending plan would raise the municipal tax rate 7.7 percent, from the current 49.1 cents per $100 of assessed property value to 52.9 cents. That means the owner of a home assessed at the borough-average $396,000, stands to pay $2,095 for municipal services alone this year. The rate does not include school and county taxes.
The hit to the wallet is nearly triple the $56.50 2012 increase on the average home, then assessed at $401,000.