![]() Those costs increased by more than $480,000 over last year, according to the preliminary budget. Valesi said the largest township spending increases went to health insurance costs, which take up $8.4 million or more than 18% of the budget. Monmouth County tax information has not been released. The Freehold Regional High School District, meanwhile, expects to boost its portion of taxes by $93 for the average assessed property. The Freehold Township Board of Education introduced a budget on March 22 that will increase the school district portion of the taxes by $91, according to the district. It does not take into account county taxes or those paid to the Freehold Township Board of Education and the Freehold Regional High School District. ![]() That is a 5.5% increase from the 2021 budget and a 3% increase in the portion raised by taxes.įor an average home assessed at $494,418, that represents a municipal tax increase of $40. Specifically, the committee approved the introduction of a $45.3 million budget, with $23.7 million raised by local taxes. More: Cops expel speakers at Freehold, Marlboro school board meetings who refused to wear masks More: Freehold Township school board meeting canceled by unmasked, even though mandate is ending “Our biggest fear is fuel prices and inflation, but we’ve received a little more surplus so we have a safety net for taxpayers.” Our revenues are back where they were,” Township Administrator Peter Valesi said. “We’ve really seen a recovery after COVID. Township Committee voted unanimously this week to introduce the spending plan, which will be the subject of a public hearing prior to the final vote on April 26. Watch Video: Freehold Township taxes remain low thank the mallįREEHOLD TOWNSHIP – A proposed $45 million budget would hike the municipal portion of the average property tax bill here by at least $40, according to township officials.
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