New Newark budget would raise average homeowner’s tax bill almost $100

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New Newark budget would raise average homeowner’s tax bill almost $100
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The Newark City Council on Saturday introduced a $798 million budget that would raise taxes on the average homeowner by 2.7%

East Ward City Council Member Michael DeSilva spoke to Public Safety Director Fritz Fragé during a meeting to introduce the 2022 municipal budget on Saturday. DeSilva, who was elected in June, and Fragé, appointed last month, were both making their first appearance at a council budget meeting.Newark homeowners would pay nearly $100 more than last year in municipal property taxes on average, under a 2022 budget introduced by the City Council on Saturday.

If the council adopts the $799 million spending plan at the close of a public hearing scheduled for Sept. 17, the increase of $96.99 would put this year’s residential property tax bill for municipal purposes at $3,634.42 for a home with an assessed value of $182,436, the citywide average. Note to readers: if you purchase something through one of our affiliate links we may earn a commission.

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