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City finance staff explains tax-rate rise, commercial valuation drop and plans to resume twice-weekly trash pickup
Summary
Finance staff described why Hackensack’s 2025 tax bill will rise, noted declining commercial property valuations over four years and said the city can resume twice-weekly garbage collection as soon as Aug. 1 with minimal budget impact.
A city finance staff member told the Hackensack City Committee of the Whole that the certified 2025 tax rate will raise the average homeowner’s total tax bill by about $491.41, or roughly 5 percent, compared with 2024.
“Now in Hackensack, the average home is assessed at $321,205,” the staff member said. Using last year’s assessment, the speaker summarized components of the 2024 bill and then reported updated 2025 figures: “So that same home in 2025 is gonna have a total tax bill of $10,307.44, k, which is an increase of $491.41 or 5%.”
The staff member said the increase is driven in part by falling commercial property valuations, which push up the municipal tax rate even when the municipal levy itself rose only modestly. “The municipal levy was up 3 quarters of a…
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