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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:

  1. Sample Property Record Card (explanation)

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.