Evesham Township BOE passes taxes with an increase
Evesham’s tax trends of the past few years continued in 2016, with council passing a slight reduction in taxes and the Evesham Township Board of Education passing an increase.
Council passed a budget where the average Evesham homeowner with a home valued at around $270,000 was scheduled for a $2.54 reduction in their municipal tax bill.
Despite that decrease, the 2016 total budget reached $35.7 million — a $964,000 increase from the previous year, about half of which went toward the township agreeing to expand the school resource officer program that posts police officers in each school in town.
This year, the BOE passed a budget reaching about $73 million. With the budget set at that amount, Evesham residents with homes assessed at the average price of $270,000 were set to see a $75.75 tax increase for their K-8 school taxes.
The 2016–2017 budget raised the school tax levy by 3.36 percent, which was able to go beyond the 2 percent tax levy increase cap with the use of health-care waivers and banked cap.
This was the Evesham BOE’s first year using banked cap, which is the process by which the state allows districts to “bank” unused tax levy percentages under the 2 percent cap for three years and then use that “banked” ability to raise taxes in a later year.
