1. 2019 Tax Bill Presentation July 16, 2019 Christopher Bardi
Council President
Finance & Administration Chair
Maureen Chumacas
Borough Administrator & CFO

2. Borough of Roseland Budget Recap1
Determining the amount to be raised by taxation:
Total Appropriations
$14,942,784.94
Total Revenue
(incl Library Tax)
$4,982,494.04
Amount to be raised by taxation
$9,960,290.90 2
Calculating the Tax Rate:
Amount to be raised by taxation
$9,960,290.90
Total Assessed Valuation
$1,673,161,300.00
100
Municipal Tax Rate
.595%

3. What does this mean to you?
Year
2019
2018
2017
Tax Rate
.595
.592
.581
Inc./(Dec)%
.55%
1.85%
1.95%
Increase Amount
$14.00
$51.05
$52.91 3
Calculating the Tax Rate:
100
Average Assessed Value
$466,580.00
Municipal Tax Rate
.595%
Municipal Tax $
$2,776.15

4. How Your Tax Dollars Are Spent- 2019
Taxation Amount %
Municipal Taxes
$9,960,290.90
26.20%
Regional School Taxes
$9,494,227.00
25.00%
County Taxes
$8,777,935.23
23.10%
Local School Taxes
$8,881,520.00
23.30%
Open Space
$334,632.26
0.90%
Library Tax
$598,329.00
1.60%
Total
$38,046,934.39
100%

5. Noecker Budget Year Amount Rate 2018 $8,635,805.00 0.517 2019
$8,881,520.00
0.531
Change
$245,715.00
+2.85%

6. West Essex Regional Budget -Roseland Portion
Year
Amount
Rate
2018
$9,618,091
0.576
2019
$9,494,227
0.567
Change
-123,864
-1.29%

7. West Essex Regional Budget -Allocation %
Inc/Dec
Roseland
$9,556,719
$9,464,133
24.05%
-0.88%
Essex Fells
$3,552,975
$3,234,228
8.22%
-1.05%
Fairfield
$16,021,180
$17,549,964
44.60%
2.81%
North Caldwell
$9,206,861
$9,101,257
23.13%
-0.89%
Total
$38,337,735
$39,349,582
100.00%
Increase
$1,011,847.00
+2.64%

8. Essex County Budget Roseland’s Portion Year Budget Rate 2018
$8,584,208
0.514
2019
$8,777,935
0.526
Change (=)
$193,727
+2.26%
Raised Through Taxation
Year
Budget
2018
$430,625,000
2019
$432,775,008
Change (=)
$2,150,008

9. Tax Rate Summary 2019 2018 Change Local School 0.531 0.517 0.014
Regional School
0.567
0.576
-0.009
County
0.526
0.514
0.012
Library
0.035 -
Open Space
0.02
Local
0.595
0.592
0.003
Total
2.274
2.254

10. Taxes on Average Home in Roseland
2018
2019
Inc./(Dec)
Local School
$2,412.22
$2,477.54
$65.32
Regional School
$2,687.50
$2,645.51
$-41.99
County
$2,398.22
$2,454.21
$55.99
Library
$163.3
$163.9
$0.6
Open space
$93.32 $0
Local
$2,762.15
$2,776.15
$14
Total
$10,516.71
$10,610.63
+93.92
Average Home Value = $466,580

11. Important Dates Activity Date County of Essex Adopted Budget
Borough of Roseland Adopted Budget
Roseland Board of Education Adopted Budget
West Essex Board of Education Adopted Budget
State of NJ Adopted Budget
Tax Rate Certified and Approved by County of Essex
Tax Bills Mailed
Taxes Due (including 25 day grace period)
(Roseland to provide service or equipment)

12. Thank You!