Toms River (NJ) Lowers Property Taxes

There was good news for Toms River residents at last week's council meeting: if the proposed 2009 fiscal year budget is adopted by the township council, the tax rate will be lowered.

The Mayor of Toms River, Thomas F. Kelaher, announced that the new proposed budget was $91,891,221, down about $300,000 from last year.

Previously, residents were charged 76.44 cents per $100 of assessed value. The new rate proposes 75.32 cents per $100 of assessed value, down 1.12 cents.