2021 PROPERTY TAXES
A breakdown of Mountain Lakes real estate taxes in 2021 is as follows:
| TAXING ENTITIES | 2020 TAX LEVY |
2020 RATE* |
% OF Levy 2020 |
2021 TAX LEVY |
2021 RATE* |
% OF Levy 2021 |
INCREASE / DECREASE IN TAX RATE 2020 TO 2021 |
|---|---|---|---|---|---|---|---|
| LOCAL (MUNICIPAL) TAX | $6,780,274.56 | 0.571 | 20.419% | $6,874,446.71 | .563 | 20.107% | 1.39% |
| COUNTY TAX | $3,251,559.88 | 0.275 | 9.792% | $3,213,225.43 | .264 | 9.398% | -1.18% |
| COUNTY OPEN SPACE TAX | $96,560.83 | 0.009 | .291% | $78,939.60 | .007 | .231% | -18.24% |
| DISTRICT SCHOOL TAX | $23,076,801.00 | 1.947 | 69.498% | $24,023,533.00 | 1.972 | 20.107% | 4.10% |
| TOTALS | $33,205,196.27 | 2.802 | 100% | $34,190,144.74 | 2.806 | 100.00% | 2.97% |
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* This is the tax per $100 OF ASSESSED VALUE. Please Note: the Tax Rate is the SAME for EVERY property — residential or commercial.
Here are materials to help you calculate the impact on your own properties:
PROPERTY TAX DATABASE
Go to the Mountain Lakes Property Tax Database to find out details on a specific property: assessment, property taxes, how much is owed, delinquent amount if any, and a calendar of payment dates.
OTHER WEB SITES
The Morris County Tax Board web site has tax and home sales information for all Morris County municipalities.
For a good general description of the revaluation process, including your options for both informal and formal appeals, click here.
