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Treasurer explains homestead/farmstead calculation on tax bills as state budget delay limits investments
Summary
Treasurer Mr. Enders walked the board through how homestead and farmstead exclusions are applied to tax bills and said the district is limiting investments because it is not receiving state funding during a state budget impasse.
At the Aug. 25 Jersey Shore Area School District board meeting, Treasurer Mr. Enders explained how homestead and farmstead exclusions are applied on individual tax bills and warned that the district's ability to invest funds is constrained while state funding remains unsettled.
"The tax bills are correct," Enders said as he reviewed a sample tax bill and the underlying math. He walked the board through a worked example: an assessed value of $79,300 with a homestead exclusion valued at $22,262 produces a taxable assessed value of $57,038. "Multiply these…
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