Mantoloking storm damage ups tax rate, lower bills - DC News FOX 5 DC WTTG

Superstorm Sandy

Mantoloking storm damage ups tax rate, lower bills

Posted: Updated:

By WAYNE PARRY | AP

MANTOLOKING, N.J. (AP) — Fears of a massive tax hike brought on by Superstorm Sandy might not come to pass in the Jersey shore town hardest hit by the storm.

Mantoloking introduced a budget Monday that calls for a 14.6 percent increase in the municipal tax rate. But since the storm lowered property values in the devastated town and there's been an influx of storm recovery aid, most tax bills will actually be lower this year.

The budget calls for $5.6 million in spending, up from just over $4 million last year.

But the average tax bill will actually be 23 percent less than last year, because property values have fallen by about a third due to storm damage.

Every one of Mantoloking's 521 homes were either damaged or destroyed by Sandy.

  • New Jersey NewsNew Jersey NewsMore>>

  • Undercover police officer shot during drug buy in New Jersey

    Undercover police officer shot during drug buy in New Jersey

    Tuesday, April 22 2014 5:45 PM EDT2014-04-22 21:45:36 GMT
    An undercover narcotics police officer was shot during a shootout with a suspect in a parking lot in Bergen County, N.J., Tuesday afternoon, according to a source. The shooting happened at about 1:45 p.m. at a Walmart and Marshalls shopping center in Garfield. The cop was hot in the hip and ankle, and was taken into surgery at Hackensack University Hospital, the source said.
    An undercover narcotics police officer was shot during a shootout with a suspect in a parking lot in Bergen County, N.J., Tuesday afternoon, according to a source. The shooting happened at about 1:45 p.m. at a Walmart and Marshalls shopping center in Garfield. The cop was hot in the hip and ankle, and was taken into surgery at Hackensack University Hospital, the source said.
  • Hoboken a top place for recent college grads to live, report says

    Hoboken a top place for recent college grads to live, report says

    Tuesday, April 22 2014 12:46 PM EDT2014-04-22 16:46:32 GMT
    Hoboken's vibrant downtown, access to more than 100,000 job openings and the large amount of rentals available rank the city among the best places for new college grads to live in the country, according to Livability.com. Hoboken ranked No. 6 in Livability.com's recently released list of the "Top 10 Best Cities for New College Grads 2014."
    Hoboken's vibrant downtown, access to more than 100,000 job openings and the large amount of rentals available rank the city among the best places for new college grads to live in the country, according to Livability.com. Hoboken ranked No. 6 in Livability.com's recently released list of the "Top 10 Best Cities for New College Grads 2014."
  • Melissa Gorga: RHONJ season 6 is a 'whole new show'

    Melissa Gorga: RHONJ season 6 is a 'whole new show'

    Tuesday, April 22 2014 12:46 PM EDT2014-04-22 16:46:02 GMT
    Melissa Gorga says the upcoming season 6 of The Real Housewives of New Jersey will be a “whole new show,” according to a report on allthingsrh.com. The Franklin Lakes resident opened up about the new season – which will be sans longtime cast members Jacqueline Laurita and Caroline Manzo – at The Tampa Home And Garden Show, the report said.
    Melissa Gorga says the upcoming season 6 of The Real Housewives of New Jersey will be a “whole new show,” according to a report on allthingsrh.com. The Franklin Lakes resident opened up about the new season – which will be sans longtime cast members Jacqueline Laurita and Caroline Manzo – at The Tampa Home And Garden Show, the report said.
Powered by WorldNow

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices