(FOR MUNICIPALITIES ONLY)
CURRENT TAXES - 2014 LEVY
(Amounts in millions)
- Amount of Levy Special District Taxes 82102-00 $ 5,630,673.39
- Amount Levied for Omitted Taxes under N.J.S.A. 54:4-63.12 et. seq. 82103-00 $
- Amount Levied for Added Taxes under N.J.S.A. 54:4-63.1 et. seq. 82104-00 $ 565,566.31
- 5a. Subtotal 2014 Levy $ 145,604,218.59
- 5b. Reductions due to tax appeals ** $
- 5c. Total 2014 Tax Levy 82106-00 $ 145,604,218.59
- Transferred to Tax Title Liens 82107-00 $ 253,550.16
- Transferred to Foreclosed Property 82108-00 $ 0.00
- Remitted, Abated or Canceled 82109-00 $ 176,019.20
- Discount Allowed 82110-00 $
- Collected in Cash: In 2013 82121-00 $ 627,662.80
- In 2014 * 82122-00 $ 142,203,976.10
- R.E.A.P. Revenue 82124-00 $
- State's Share of 2014 Senior Citizens and Veterans Deductions Allowed 82123-00 $ 520,572.60
- Total to Line 14 82111-00 $ 143,352,211.50
- Total Credits $ 143,781,780.86
- Amount Outstanding December 31, 2014 83120-00 $ 1,822,437.73
- Percentage of Cash Collections to Total 2014 Levy, (Item 10 divided by Item 5c) is 98.45% 82112-00
- Note: If municipality conducted Accelerated Tax Sale or Tax Levy Sale check here — & complete sheet 22
- Calculation of Current Taxes Realized in Cash:
Total of Line 10 $ 143,352,211.50
Less: Reserve for Tax Appeals Pending State Division of Tax Appeals $ 0.00
To Current Taxes Realized in Cash (Sheet 17) $ 143,352,211.50
Note A: In showing the above percentage the following should be noted: Where Item 5 shows $1,500,000.00, and Item 10 shows $1,049,977.50, the percentage represented by the cash collections would be $1,049,977.50 / $1,500,000 or .699985. The correct percentage to be shown as Item 13 is 69.99% and not 70.00%, nor 69.999%
Note: On Item 1 if Duplicate (Analysis) Figure is used; be sure to include Senior Citizens and Veterans Deductions.
Include overpayments applied as part of 2014 collections.
Tax appeals pursuant to R.S. 54:3-21 et seq and/or R.S. 54:48-1 et seq approved by resolution of the governing body prior to introduction of municipal budget. (N.J.S.A. 40A:4-41)
Sheet 22