• Tax Information

     

    Tax Implications

    Fiscal Year
    Tax Rate
    Cost/$100,000

    2008-09

    .551

    $551

       2007-08
    .553
    $553
       2006-07
    .548
    $548
       2005-06
    .581
    $581
       2004-05
    .612
    $612


    2008-2009 School Tax Impact on Homeowner
     
    FY 2008-09 $551.43 Per $100,000
    FY 2007-08 $552.56 Per $100,000
    Decrease $   (1.13)
     
     
    Average Price of Home in Bedminster in 2008  $384,812
    Average School Tax for 2008-2009
    $2,121.97
    Average Price of Home in Bedminster in 2007 $387,905

    Average School Tax for 2007-2008

    $2,143.41

     
    Average Tax Rate Over the Last 5 Years  = .569
     
    Total Ratables for 2008 = $2,665,189,213
    Total Ratables for 2007 = $2,611,247,886
     

     
    Direct Tax Relief
     
    Property Tax Relief:  2008-2009 $ 45,619
    Property Tax Relief:  2007-2008 $129,878
    Property Tax Relief:  2006-2007 $201,128
    Refinancing of General Obligation Bonds $  33,818
    Property Tax Relief:  2005-2006 $115,268
    Property Tax Relief–Debt Service:  2005-2006 $120,938
       
     Total Property Tax Relief
     Over The Past 4 Yrs 
    $646,649
     
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