Haddonfield Budget Introduced

The Board of Commissioners introduced the 2011 budget Tuesday night at a regular meeting at 7:30 p.m. in the Municipal Hall on Kings Highway East.

The budget includes a 2-percent increase in the local tax rate, boosting it to 44¢ per $100 of assessed property value. That means the typical borough homeowner with a property assessed at the average of $491,359 will pay $2,165 in taxes for the municipal government, a $87 increase. 

The typical tax bill in Haddonfield is about $12,000, with nearly 70 percent going to school costs. The borough tax is about 17 percent of the Haddonfield property tax bill and the remainder is for county taxes.

The commissioners are also introduced the Business Improvement District Tax rate and budget for 2011. Schedule A has a rate of 12¢ per $100 of assessed property value of a business and Schedule B has a rate of 6¢, according to borough Administrator Sharon McCullough.  The difference in the rates is determined by the value of the business.

That tax includes funds for the Partnership for Haddonfield, which promotes local business.