Schools
Three of Four Shore Regional Sending Districts to See Tax Increase in 2011-12 School Budget
West Long Branch, Oceanport and Monmouth Beach tax rates up in adopted Shore Regional budget
Homeowners in West Long Branch, Oceanport and Monmouth Beach will see tax increases to finance the 2011-12 Shore Regional High School budget which was unanimously approved by the board of education during a special meeting on Tuesday night.
Only Sea Bright residents will see a decrease in their tax bill. The four towns are the sending districts for Shore Regional and help finance the school.
The 2011-12 school budget totals $15,240,137 with $14,386,255 to be raised through taxation. This year's tax levy is a 2 percent increase over the 2010-11 tax levy of $14,104,171.
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The tax rate in West Long Branch has increased from 0.366 per $100 in assessed value in 2010-11 to 0.376 per $100 in 2011-12.
For the average West Long Branch home valued at $474,596, the property tax increase would be $50.16 for the year for a total bill of $1,784.48.
Find out what's happening in Long Branch-Eatontownwith free, real-time updates from Patch.
The tax rate in Oceanport has increased from 0.357 per $100 in assessed value in 2010-11 to 0.382 per $100 in 2011-12.
For the average Oceanport home valued at $450,000, the property tax increase would be $114.48 for the year for a total bill of $1,719.
The tax rate in Monmouth Beach has increased from 0.279 per $100 in assessed value in 2010-11 to 0.294 per $100 in 2011-12.
For the average Monmouth Beach home valued at $608,557, the property tax increase would be $91.08 for the year for a total bill of $1,789.16
The tax rate in Sea Bright has decreased from 0.356 per $100 in assessed value in 2010-11 to 0.300 per $100 in 2011-12.
For the average Sea Bright home valued at $399,000, the the property tax decrease would be $220.20 for the year for a total bill of $1,197.
Shore Regional Business Administrator Dennis Kotch said it is important for the voters to approve the budget on April 27, because as it stands right now, teachers, students and programs are not affected.
"If the budget is defeated, it comes right out of here," Kotch said. "That means students, supplies and teachers."
If the school budget is not approved the councils of the school's sending districts can approve cuts that would lower the tax levy.
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