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To start, it's important to remember that there are a number of components to your total property tax bill, most of which are beyond the direct control of the Borough. As the table below shows, the Borough portion of your total property tax bill amounts to only 21.2% of the total property tax bill.
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Comparison of 1998 to 1997 Tax Rates by Unit
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1997
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1998
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Change
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% Change
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County Tax
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0.531
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0.534
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0.003
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0.56%
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County Library Tax
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0.037
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0.037
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0
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0.00%
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County Open Space
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0.022
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0.022
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0
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0.00%
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Medford Lakes Schools
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1.325
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1.368
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0.043
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3.25%
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Lenape Regional H. S.
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0.561
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0.667
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0.106
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18.89%
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Medford Lakes Borough
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0.684
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0.707
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0.023
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3.36%
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Total Property Tax Rate
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3.16
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3.335
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0.175
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5.54%
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