the staff of the Ridgewood blog
Ridgewood NJ, the Village Council adopted a $61.2 million budget with a 2.74% municipal tax rate increase, which is below the current rate of inflation. That equates to a municipal tax increase of $144 on the average home assessed at $710,168.
Please keep in mind that the Village is only responsible for 23.4% of the total taxes collected, while the budgets for the schools, county and public library make up the remaining 76.6% of your tax bill.
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