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Wyckoff's tax rate is $3.23 per $100 of assessed valuation.
That rate, she said, is 0.14160, or $14.16 per hundred dollars of taxable assessed valuation.
That total reflects a calculation based on assessed valuation figures published recently by you.
If two jurisdictions expect to raise the same total tax and one community has a high total assessed valuation and the other a low total assessed valuation, of course the latter will compensate with a higher tax rate.
The total assessed valuation, the report said, will fall nearly 4percentto to $49.2 billion from $51.1 billion.
Currently, residents in the Patchogue school district pay taxes of $5.45 per $100 in assessed valuation a year.
"Secaucus has a total assessed valuation of $2.3 billion, 70percentt of which is commercial," Mayor Elwell said.
Each person's tax is determined by multiplying the assessed valuation by the tax rate for that jurisdiction.
As a result, homeowners will pay $20.80 per $10,000 of assessed valuation, about $104 for the typical homeowner.
Central Park South has an assessed valuation of almost $80‐million, more than 30 times that of the northern boundary.
The mayor wanted to cut the property tax by a penny (per $100 of assessed valuation) for political reasons.
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