Thursday, June 29, 2023

Edison 2023 3rd Qtr. Estimated Property tax bills are out - and maybe inflated

 Well, just saw 2023 3rd Qtr Estimated Property tax bill and it comes with a total rate of $5.923 (Per 100), which is the same as last year's rate. So, there's no change but that can't be right.













Something doesn't seem right here given we already know the Introduced Muni tax tate, Muni Open Space tax rate, Library tax rate and School tax rate as well as an indication of the County taxes and it looks like the $5.923 is overstated by approximately 7 to 9 tenths of a penny.

Why is that important to know? Because that overstatement will erroneously bring approximately $600,000 into the township coffers with these 3rd Qtr. Estimated tax bills.

Made an OPRA Request to see the individual taxing entity rates used in this 3rd Qtr. Estimated tax bill and we'll see.

Anyhoo, we'll see what they provide and will update this post when received.

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