The levy imposed on real estate in Millburn, New Jersey, funds essential municipal services such as public education, road maintenance, and emergency services. This levy is calculated based on the assessed value of a property, which is determined by the local tax assessor. For example, a higher assessed value generally results in a higher tax liability.
Revenue generated from these real estate levies plays a vital role in maintaining the high quality of life and robust public services that characterize the township. Historically, these funds have supported the development and upkeep of Millburn’s excellent school system, contributing to its consistently high rankings. These levies also ensure the continued maintenance of the township’s infrastructure, preserving property values and attracting new residents and businesses. A well-funded local government, supported by these levies, contributes to a stable and thriving community.
