Understanding the tax rate
THE BUDGET
In Lacey the total tax rate consists of three separate and autonomous entities:
Lacey School District …… Ocean County Government………. and the Township of Lacey.
Lacey School District: budget is created by the Board of Education and voted on by the community.
Ocean County: the Board of Commissioners compiles the budget. Your County budget appears on the tax bill broken down as follows:
| Library tax |
$0.037 |
| Health tax |
$0.021 |
Township of Lacey: the five-member Township Committee constructs the budget, publishes a synopsis in the newspaper and then votes on it after two public hearings.
Each budget is submitted to the Ocean County Board of Taxation, who adds the three budgets (Lacey School District, County and Township) together and divides that total by the total assessed value of the municipality.
2023 TAX RATE OF $2.369
| School District |
59.01 % |
Of The Tax Rate |
$1.398 |
| County |
19.59 % |
Of The Tax Rate |
$0.464 |
| Township |
21.40 % |
Of The Tax Rate |
$0.507 |
The rate is based on each $100.00 of assessed value. If you own a home with the average assessed value for 2023 of $285,601.00 and this years tax rate of $2.369 per $100 of assessed value your taxes would be $6765.89.
$285.601.00
x $2.369 (per $100.00)
$6,765.89
The Average Assessed Home For 2023 is $285,601.00 And Was Billed $6,765.89.
The Tax was distributed as follows:
| School District |
$3,992.56 |
59.01 % |
| County Agencies |
$1,325.43 |
19.59 % |
| Township |
$1,447.90 |
21.40 % |