June 2-Sept 1st
Mon-Thurs: 8am-4pm
Friday: 8am-2pm
(908) 879-3660
50 North Road
Chester, NJ 07930
50 North Road
Chester, NJ 07930
September 18, 2023
Dear Fellow Taxpayer,
Happy Fall! A quick update on happenings in Chester Borough.
The Chester Borough municipal budget increased 1.75%, yet the tax rate decreased from .872 to .870 from 2022 to 2023 due to the increase in property values. The Borough is the collection agency for the Library Tax, Chester School District Tax, West Morris Regional High School District Tax, Local Open Space Tax and Morris County Tax. The chart below provides a glimpse of the approved budgets for each of these entities.
2023 Budget |
2022 Budget |
Change |
|
LOCAL |
3,817,851.98 |
3,752,091.29 |
1.75% |
LIBRARY |
145,437.00 |
135,671.75 |
7.20% |
DISTRICT SCHOOL |
4,227,002.00 |
4,007,851.00 |
5.47% |
REGIONAL SCHOOL |
2,177,827.00 |
2,214,034.00 |
-1.64% |
OPEN SPACE |
43,849.45 |
42,989.66 |
2.00% |
COUNTY |
1,115,411.07 |
1,051,450.82 |
6.08% |
The Library Tax is a state mandate 1/3 of a mil tax on the total value of all properties in a municipality. Since the overall value of the properties in the Borough increased year over, the Library budget increased significantly.
The value of homes in the Borough, based on the selling price of property in the Borough in 2022, increased from $404,197,900 in 2021 to $429,887,200 in 2022 resulting in a 6.35% year over year increase in total property value.
The Borough participates in the State Employee Healthcare Benefits. For 2023, healthcare premiums increase 22% and additionally, the Borough’s share of employees’ pension increased by 19%. Those two increases represent the bulk of the tax increase.
A quick recap of the past year:
Many thanks to the Borough employees. There are three full-time administrative employees and seven part-time administrative employees and currently, there are three full-time Department of Public Works employees and one part-time DPW employee. There is an opening in the DPW that should be filled soon. This group is dedicated to being responsive to both residents and commercial property owners and the Mayor and Council appreciate all their efforts in ensuring that the Borough is in compliance with the rules and regulations of the state, county and Chester Borough.
On behalf of the Council and myself, it is an honor and a privilege to serve you, the taxpayer. Please do not hesitate to reach out to any of us with questions or concerns. We appreciate hearing from you!
Regards,
Janet Hoven
Mayor