Municipal property tax rate will increase by 17 percent

On Monday, January 12, 2009, the township Council approved the municipal property tax rate increase by 17 percent.  Municipal property tax is tax on housing, otherwise known as real estate tax, and used for town-wide payments such as schools, trash and public safety. 

According to the Courier Post, homes pricing for about 140,000 dollars will create a tax increase of about 130 dollars for homeowners.

Cherry Hill, along with fifty other New Jersey cities, currently awaits approval from the state for several aid packages, necessary to confirm tax rates and town spending budgets.  

Two Cherry Hill township Council members, Shelley Adler and Joyce Kurzweil, were absent from Monday’s meeting and could not cast their votes on the tax issue.