Good news has come to the taxpayers of North Arlington for the second year in a row with the introduction of the 2018 Municipal Budget. The proposed budget reflects only a $2 increase for the average home assessed at $355,000.
In 2017, the municipality reduced taxes by 2.2% and was recognized by New Jersey Radio Station 101.5 and NJ Advance Media as one of only 66 towns that lowered property taxes. The reports cited that the average residential property tax bill in New Jersey last year rose by 1.6%. The average bill went up in 498 municipalities, including 296 where it surpassed the 2% at which the law caps an increase.
North Arlington’s proposed 2018 budget reflects an increase of $212,000 or 0.90%. That translated into a total tax levy increase of $79,998 or 0.45%