What Will it Cost?
The table below looks at the effect of the budget based on other property assessment values.
Amount of K-8 Tax Increase by Assessment Amount
Property Assessment* |
2008-2009 Rate Per $100 = 1.0855 |
2007-2008 Rate Per $100 = 1.0575 |
Annual Increase in K-8 Tax |
Monthly Increase |
Weekly Increase |
Daily Increase |
$200,000 |
$2,171 |
$2,115 |
$56 |
$4.67 |
$1.08 |
$0.15 |
$250,000 |
$2,714 |
$2,644 |
$70 |
$5.83 |
$1.35 |
$0.19 |
$300,000 |
$3,257 |
$3,173 |
$84 |
$7.00 |
$1.62 |
$0.23 |
$350,000 |
$3,799 |
$3,701 |
$98 |
$8.17 |
$1.88 |
$0.27 |
$400,000 |
$4,342 |
$4,230 |
$112 |
$9.33 |
$2.15 |
$0.31 |
$450,000 |
$4,885 |
$4,759 |
$126 |
$10.50 |
$2.42 |
$0.35 |
$500,000 |
$5,428 |
$5,288 |
$140 |
$11.67 |
$2.69 |
$0.38 |
$550,000 |
$5,970 |
$5,816 |
$154 |
$12.83 |
$2.96 |
$0.42 |
$600,000 |
$6,513 |
$6,345 |
$168 |
$14.00 |
$3.23 |
$0.46 |
$650,000 |
$7,056 |
$6,874 |
$182 |
$15.17 |
$3.50 |
$0.50 |
* Don’t see the exact amount of your property assessment in this table? To determine the amount your K-8 taxes for 2008-2009, multiply your property assessment value by 1.085 and then divide by 100.
The Bottom Line:
A Denville education represents a tremendous value. We have virtually the lowest cost per student, virtually the lowest teacher salaries, and the absolute lowest administrative cost per student among 13 K-8 districts in Morris County. Maintaining this educational system has obvious benefits for our children, our property values and our community.
The Proposed 2008-2008 Denville Township K-8 Budget can be found here