TAX RATE CALCULATION-MENDHAM BORO
Appropriations
2003
Submitted
2004
Adjusted 2004
Difference
between 2003 &
2004 Adjust.
S&W
$1,981,081
$2,061,883
$2,030,440
$49,359
OE
$2,525,600
$2,885,889
$2,770,815
$245,215
Res for Uncollected Taxes
$335,000
$335,000
$335,000
$0
Total Appropriations (TA)
$4,841,681
$5,282,772
$5,136,255
$294,574
Anticipated Revenue
Fund Balances
$1,066,813
$1,066,813
$1,066,813
$0
Miscellaneous
$1,059,736
$1,059,736
$1,079,237
$0
Delinquent Taxes
$105,000
$105,000
$105,000
$0
Total Anticipated Revenue (TAR)
$2,231,549
$2,231,549
$2,251,050
$0
Amount to be Raise by Taxes (ART) (TA-
TAR=ART)
$2,610,132
$3,051,223
$2,885,205
$294,574
Total Taxable Value of Property in the
Borough (NVT)
$618,026,092
$619,289,542
$619,289,542
$1,263,450
Tax Rate (ART/(NVT/100)
0.422
0.493
0.466
0.044
Tax Rate Calculation - 2004
March 11, 2004
Ralph E. Blakeslee, III
Page 1
3/11/04