222 Oak Avenue, Suite 5 Toms River, NJ 08753 732.240.3366 | fax 732.240.5305 memolicpa.com

March 28, 2024

To: Jackson Township Rent Leveling Board Members

RE: Application- Fountainhead Properties, Inc, Real Estate Tax Surcharge Increase-2024

Dear Board Members:

Enclosed please find the proposed Real Estate Tax Surcharge Increase for Fountainhead Properties, Inc, for the above referenced application.

The Real Estate Taxes for the entire complex increased a total of $2,674.36 from 2022 to 2023. There is a total of 162 lots in the complex. Therefore, the annual per unit increase is $16.50, which equates to a monthly increase of $1.37 per unit. This increase will be effective for April 1, 2024.

In reviewing this application, we found a complete application without any issues or discrepancies.

Sincerely,

Carmen J. Memoli, CPA