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What the Hardyston budget means for homeowners: example tax impacts
Summary
Officials presented homeowner examples showing the adopted levy change difference for an average $411,000 home and detailed the general-fund and debt-service amounts included in the budget.
Business Administrator Sue Verso presented example tax impacts showing how the adopted levy would affect a homeowner with the average home valuation used in the district presentation.
Verso said the district reduced a prior 6.65% illustration to a 5.97% levy and presented monthly and annual example differences; for an average $411,000 home she described a modest change in monthly figures and cited a small annual difference between illustrative levy levels. The budget document read at the meeting lists general funds taxes to be raised at $11,971,003.56 and debt-service taxes at $481,001.94.
The board’s adoption fixes levy parameters for the coming year; individual tax-bill impacts will depend on municipal equalization and property-specific valuations.
