The tax bill is made up of three parts: county, school, and municipal taxes. The municipal portion is only about one-third of the total. So when that one piece goes up by 20%, the entire tax bill does not go up by 20%. Instead, the overall increase is closer to about 6–7%. This does not mean the increase is small or unimportant, but saying “taxes are going up 20%” without explaining the full picture can be misleading.
It is important to look at the total breakdown before reacting. This is also a critical moment for both the county and the school district to keep their budgets as close to zero growth as possible, so they can help ease the burden on residents while the City of Hoboken works through its current financial challenges.
