P.S. I read yesterday that over 8% of all Lakewood NJ properties are exempt from property tax, as compared to 1.5% in neighboring Toms River. Perhaps that is something that can be cracked down on in East Ramapo as well to raise revenue.
Lakewood does have two large colleges there BMG and Georgian Court. There is also the hospital. All exempt. Of course there are also all the schools, public and religious.
What does Toms River have.
But I’d have to believe those percentGes are actually low. I think it’s well below what is typical. More than those percentages are typically owned by government agencies which are all exempted.