On Tuesday, the Council adopted Chester Township's 2023 budget. The Township's estimated effective tax rate will be $0.498, an increase over last year's rate of $0.489. For the average assessed home of $663,400, this will be an additional $59.71 in municipal taxes for the year.
State-mandated spending increased $128,123 and contractual spending increased $317,534. Discretionary spending decreased $257,674. Chester Township's taxes make up approximately 20 percent of residents' total tax bill. Two-thirds of local property taxes go to schools and 10 percent to Morris County. The balance goes to the library and open space preservation. Click here for the full budget presentation.