By Deputy Mayor Ram Anbarasan.
As your Deputy Mayor/Councilman At-Large in Franklin and a fellow resident, I meet many people on various occasions. Unsurprisingly, the major concern on everyone’s mind is the high “Real Estate Taxes” they pay to the Township, followed by the “Rising Assessed Value” of their property. Let me try to offer a simple explanation.
It is true that we all send our quarterly tax payments to the Township. But only 13.5 percent of what you send goes to the municipality towards our township’s tax levy, the amount collected to meet our annual budget. Majority of what you pay, about 62 percent, goes to the school district and the rest goes to the county, open space, library, and fire district taxes. The 13.5 percent municipal tax levy is down from 16.23 percent in 2015 because the municipal portion of the tax bill has grown slower than any other portion.
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