Tuesday, July 9, 2019

Just a heads-up - Muni tax increase included in Edison's 3rd Qtr. Estimated Property tax bill - Understated by 3.5-cents and your Total Property tax increase by some 35%!

Well, when they sent out the 2019 3rd Qtr. Property tax bills it was based on a Total Property Tax Rate of $5.593 (per $100) for an increase of 10.1-cents or 1.8% over last year's rate of $5.492 (per $100).

That brought a 2019 Total Property Tax increase on the average home assessed at 178,300 of $180.08. You can see what your tax increase was in the June 19, 2019 post on the 3rd Qtr. estimated tax bill.

Seems based upon the Administration's Introduced 2019 Muni Budget up for public discussion on July 29, 2019 - they have increased the rate to $5.628 Per $100. That additional 3.5-cents is from the Muni budget raising the rate to $1.281 from the $1.246 they used in the estimate.

This preliminary Muni Budget now has 5.1-cent or 4.15% tax increase for 2019.

The 2019 Total Property tax rate is now $5.628, which is a 13.6-cent or 2.48% increase.

So, if this Muni Budget is approved as it by the Council, then this additional 3.5-cents will fall into Your 4th Qtr. tax bill installment.

You can see how much that will be for you below:



Here's what the Breakdown of the 2019 Property taxes look like now:


Unlucky 4 U:

Anyhoo, look at it this way, if this Muni Budget stands, that will make Mayor Tom 'Now 17.1% but Won't Debate' ChoiLankey - Mayor Tom 'Now 21.25% but Won't Debate' ChoiLankey.

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