In preparation for submission to the New Jersey Department of Education, the Superintendent’s office is sharing preliminary budget findings.
The total 2014‐2015 budget is $151,735,648 which represents a .7% increase from the current year. The tax levy will increase 1.35%, resulting in the tax impact outlined below. A more in‐depth discussion of budget and tax impact will occur during a public hearing which will take place at the Administration Building, 93 Willow Grove Road, Shamong at
7:30 p.m. on Wednesday, April 30.
Evesham Township — Tax levy increase of 1.02 cents, resulting in an increase in regional
school taxes of $21.39 on a home assessed at the township average of $270,200.
Medford Lakes Borough ‐ Tax levy increase of .39 cents, resulting in an increase in regional
school taxes of $7.54 on a home assessed at the borough average of $285,995.
Medford Township — Tax levy increase of 4.09 cents, resulting in an increase in regional
school taxes of $131.68 on a home assessed at the township average of $329,530.
Mt. Laurel Township — Tax levy decrease of 52.33 cents*, resulting in a decrease in regional
school taxes of $97.62 on a home assessed at the township average of $236,952.
Shamong Township — Tax levy increase of 4.11 cents, resulting in an increase in regional
school taxes of $123.48 on a home assessed at the township average of $307,899.
Southampton Township — Tax levy increase of 2.71 cents, resulting in an increase in regional
school taxes of $50.26 on a home assessed at the township average of $191,900.
Tabernacle Township — Tax levy increase of 10.82 cents*, resulting in an increase in regional
school taxes of $82.69 on a home assessed at the township average of $264,109.
Woodland Township — Tax levy increase of 1.24 cents, resulting in an increase in regional
school taxes of $22.36 on a home assessed at the township average of $275,175.
