Old Bridge Property Taxes Are Going Up. Here’s How Much

OLD BRIDGE – Homeowners in the community will see a 4.13% increase in their property taxes for 2024-2025.

For a home with a municipal average assessed value of $156,542, taxpayers can expect an increase of approximately $356.92, or a 4.13% increase in their total tax bill, including municipal, county, public space, school, library and fire department taxes.

Real estate in Old Bridge is appraised at 33.49% of market value, Dawn Swoboda, the city’s chief financial officer, said at the July 9 City Council meeting.

The biggest increase is in the school tax rate, which accounts for about 58 percent of the total tax levy. School taxes rose about 5.70 percent, or about $281.78, she said.

In addition to the school district tax increase, from 2023 to 2024 the county open space tax, about 2% of the total tax levy, increased by 5.88%, or about $7.83 for a home appraised at the township average. The library tax, also about 2% of the total tax levy, increased by 5.38%, or about $7.83 for an average appraised home, Swoboda said.

County sales tax, about 17% of the total tax levy, increased by 2.38%, or about $36 for the average appraised home.

The city tax, which makes up about 17% of the total tax bill and funds police, roads, recreation and other municipal services, rose 1.40%, or about $21.92 for the average appraised home, she said.

Fire district taxes, about 4% of the total tax levy, increased 0.45%, or about $1.57, but this varies depending on the fire district where taxpayers live, she said.

The municipal tax is the only tax that the mayor, the board and the council can control, according to Swoboda.

Swoboda gave other billing scenarios as well.

“We want you to know what to expect because we believe there is going to be a significant tax increase, not on our side, but on the school board side,” said Mayor Debbie Walker.

More: Standoff on Pensacola Street in Old Bridge ends with man in custody

Business administrator Anahita Feltz said Swoboda made the public presentation to be “transparent” and provide accurate information about where tax money is going.

She said tax bills are sent out once a year, in July, and include four quarterly payment stubs.

“We don’t ship every quarter,” Swoboda said.

Swoboda told residents that they cannot object to their taxes, but they can object to their assessments.

Email address: [email protected]

Susan Loyer writes about Middlesex County and more for MyCentralJersey.com. For unlimited access to her work, subscribe or activate your digital account today.

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Old Bridge Property Taxes Are Going Up. Here’s How Much

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