RED BANK: TAX INCREASE HELD TO ONE PERCENT
Parking revenue has been strong since the pandemic and an increase in enforcement hours, officials said. (Photo by John T. Ward. Click to enlarge.)
By JOHN T. WARD
Local taxes on the typical Red Bank home will increase by one percent this year, officials said at a walk-thru of the 2023 municipal budget Thursday night.
That’s about $25 for the owner of a home assessed at the new townwide average of $505,244, Chief Financial Officer Thomas Seaman said at the one-hour forum, held in the council chamber at borough hall.