Thank you for your question.
Let me see if I understand your question. The amount you pay in Real Estate Taxes is calculated by each town. Each town prepares a budget and then divide that among all the homes / ratables within town. You will see that some towns have lower taxes than others in NJ.
They follow a formula to calculate the taxes for condos/townhome and single homes.
If you are referring to the tax rebate that's a different story.
General Tax Rate in Voorhees for 2010 was 2.595 and the Effective Tax Rate was 2.586
The General Tax Rate is a multiplier for use in determining the amount of tax levied upon each property. It is expressed as $1 per $100 of taxable assessed value. This rate is used to compute the tax bill.
Example General Tax Rate:
Assessed Value 150,000
x General Tax Rate .03758
Tax Bill 5,637
The Effective Tax Rate is a statistical study that enables the comparison of one district to another district (based on the assumption that all districts are at 100% valuation). This rate is NOT to be used to compute the tax bill.
Hope this helps.
Ines De La Cruz