Proposed Newark City Budget Would Mean Tax Increase For Homeowners

NEWARK, NJ — Newark’s City Council has introduced its proposed 2022 municipal budget, which would mean a tax increase of nearly $100 for the average homeowner if it passes.

Last weekend, the council held departmental budget hearings for the city’s annual spending plan, which includes $798.91 million in general appropriations (watch the video and see more details below).

A home with an assessed value of $182,436 would pay about $3,634 in municipal taxes, an increase of $97 from last year, NJ.com reported.

A public hearing on the proposed budget will be held at Newark City Hall at 1 p.m. on Sept. 17. Download or view the proposed municipal budget below (article continues underneath).

Property taxes in New Jersey are made up of three parts: school, municipal and county. Here's how that broke down in Newark last year, according to state statistics:

• School – 31.1%
• Municipal – 53.8%
• County – 15.1%

Earlier this year, local voters overwhelmingly approved the Newark Public School District’s annual budget. The $1.2 billion budget will raise spending by $146 million. But instead of raising taxes, the local tax levy of $138 million will mean an $8.75 decrease for the average home with an assessed value of $175,000, according to figures presented by the board.

• See related article: No Tax Increase In Massive Newark School Budget (What To Know)

District administrators noted that Newark got more than $1 billion as part of Gov. Phil Murphy's school state aid proposal, an increase of 13.21 percent from last year. Read More: Newark Will Get More School Aid From NJ Under Murphy Plan

The total average residential property tax in Newark in 2021 was $6,811 for a home valued at $182,436. That was a $21 increase from 2020 – a difference of 0.31 percent.

• See related article: Average Property Tax Bill In Newark Ranks Among Lowest In NJ
• See related article: Tax Gap In Essex County; Many Wealthier Towns Pay Lower Rates

Send local news tips and correction requests to eric.kiefer@patch.com. Learn more about advertising on Patch here. Find out how to post announcements or events to your local Patch site. Don’t forget to visit the Patch Newark Facebook page.