From 2008 to 2018, Brick lost 17% of its Equalized Valuation and Toms River lost 10%, compared to the state's average loss of only 6.6%. There's no denying that Brick and Toms River have lost tax base over the last few years, in part by Hurricane Sandy. Toms River's enrollment also peaked in 2003-04, at 18,192.5.īy contrast, the state's enrollment is only down by 1% since its 2005-2006 peak. Although Hurricane Sandy was an enrollment-loss inflection point, the enrollment loss began several years before Hurricane Sandy and is mirrored in other towns in non-metropolitan New Jersey who are not affected by Hurricane Sandy.īrick's enrollment peaked in 2003-04, at 11,450. Loss of Enrollment, Loss of Equalized Valuationīoth Brick and Toms River have had substantial enrollment loss in last 15-20 years, losing 24% and 15% of their enrollments, respectively. The state average all-in property tax rate is 2.4%.Īlthough Brick and Toms River would be rightly concerned about the tax cap, based on the experience of other towns in NJ who exist with higher school taxes, Brick and Toms River are able to pay for a larger percentage of their local schools than they currently do. Again, the amount of state aid that Brick and Toms River are projected to lose over the next six years is not even equal to the deficit in each district's tax capacity.Ĭounting municipal and county taxes, neither Brick nor Toms River has high all-in taxes.
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