the staff of the Ridgewood blog
Wyckoff NJ, the Township of Wyckoff has approved a drop in the municipal property tax rate. The change was approved by the Township Committee at its budget hearing, lowering property taxes on the average home valued at $793,800, by $5.56 to $2,002.76.
The 2020 municipal budget, excluding grants, is $20,087,460, up $366,749 or 1.86%. The municipal amount to be raised by taxes, excluding the state-mandated $1.56 million for the library, is $11,940,626, up $4,123 or 0.03% . The municipal tax rate is down 0.00007 cents per $100 assessed valuation from 0.253 to 0.2523.