Municipal Tax Rate Down 4 Cents in Surf City

By GINA G. SCALA | May 15, 2019

Surf City — The local purpose tax rate decreased by 4 cents per $100 of assessed value under a $6,995,000 municipal budget adopted by the Surf City Borough Council May 8. An average homeowner will see an increase of $56.47 on average home assessed at $847,243.00.

Michael P. Gross, treasurer and chief financial officer for Surf City, said the increase of $56.47 was due to the average property assessment going from $702,497 to $847,243 due to the revaluation performed last fall.

The total amount of the budget to be raised through taxation is $4.6 million.

Some of the revenue sources that enabled the reduction in the tax rate for the year are: surplus, $1,500,000; beach badge fees, $475,000; receipts from delinquent taxes, $142,500; construction code fees, $65,000; interests and cost on taxes, $24,214; grants, $12,466; fees and permits, $10,000.

Taxpayers monies will be used on, but not limited to, the following: 24 percent, or $1,641,359 for police; 22 percent, or $1,498,425, for insurance; 9 percent, or $576,700, for general government; 7 percent, or $458,500, for parks and recreation, which includes the beaches; 11 percent, or roughly $776,000, for public works; and .01 percent, or $20,000, toward debt service.  —G.G.S.

 

 

 

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