Friday, July 12, 2024

Knowlton Taxes to Rise $39 for Average Home

A $1.6 million municipal budget was adopted by the Knowlton township committee at its June 10 meeting.

The budget for the 2024 fiscal year will result in an increase of 1.98 cents per $100 of valuation. An average home valued at $205,000 would see an increase of about $39 per year, or $3.25 per month, said John Mooney, township auditor.

Taxpayers will pay $1.2 million assessed locally.

The 2024 spending plan is part of a total $2.6 million budget including school appropriations.

Knowlton Township Chief Financial Officer Christine Rolef said the budget includes an anticipated surplus of $520,000.

Mooney described Knowlton’s spending plan as “a very good budget.”

He said the anticipated budget surplus of $520,000, compared to the surplus of $488,000 in the 2023 budget is particularly important this year with the unpredictability of inflations.

“Unfortunately, inflation is affecting everybody, and municipalities are not immune to that,” Mooney said. “You are seeing the costs go up.”

Despite increased costs all around, Rolef said the township has continued to increase its collection rate. In 2023, the rate was 97.21% of billed taxes collected, compared to 96.53% the previous year. Municipal governments in New Jersey expect a certain level of uncollectable taxes each year, and includes that cost in the budgets.

The budget also includes $90,000 for capital improvements.

Joe Phalon
Joe Phalon, Contributing Writer
Contributing Writer

Joe was lured out of retirement by the opportunity to be a part of the Ridge View Echo. During a decades-long career in publishing and journalism, he has covered government on many levels from local school boards to the United States Supreme Court.

Along the way, Joe has worked at American Lawyer Magazine, The National Law Journal and The Record among other publications, and as the Press Officer of Columbia Law School. His work has been recognized with several first place awards from the Society of Professional Journalists and the New Jersey Press Association.

Being part of the Ridge View Echo brings Joe back to his roots and the kind of news coverage he loves: Telling the stories of people and local communities as well as keeping an eye on how their money is spent by their government officials.

Joe lives in Blairstown with his wife Rose, the founder of Quilting for a Cause, and their two wiener dogs. He is an artist in his spare time.