| Borough of Mountain Lakes |
| Property
Revaluation - Estimated Tax Impact Worksheet |
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| INSTRUCTIONS: |
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(1) Enter your property's
Current Assessment in Box A. |
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(2) Enter your property's
New Assessment in Box B. |
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(3) Click Calculate* |
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All |
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---------- Examples ---------- |
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Your |
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Properties |
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Property 1 |
Property 2 |
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Property |
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| A. |
Current Assessment |
$1,477,533,321 |
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$900,000 |
$1,300,000 |
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Box A |
| B. |
New Assessment |
$1,286,417,200 |
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$800,000 |
$1,100,000 |
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Box B |
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| C. |
Revaluation Ratio ( = B ÷ A ) |
0.871 |
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0.889 |
0.846 |
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Box C = B ÷ A |
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| D. |
2008 Tax Rate |
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1.767% |
1.767% |
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1.767% |
Box D |
| E. |
Estimated Adjusted Tax Rate* |
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2.029% |
2.029% |
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2.029% |
Box E |
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| F. |
2008 Tax ( = A x D ) |
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$15,903 |
$22,971 |
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Box F = A x D |
| G. |
Estimated Adjusted Tax** ( = B x E ) |
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$16,232 |
$22,319 |
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Box G = B x E |
| H. |
Estimated. Adjusted Tax
Difference* ( = G - F ) |
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$329 |
-$652 |
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Box H = G - F |
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* Javascript must be enabled for this page to work
** See Tax Impact Study for rate calculation. |
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