In Lacey the total tax rate consists of three separate and autonomous entities:

Lacey School District …… Ocean County Government………. and the Township of Lacey.

Lacey School District: budget is created by the Board of Education and voted on by the community.

Ocean County: the Board of Chosen Freeholders compiles the budget. Your County budget appears on the tax bill broken down as follows:

County tax	$0.278
Library tax	$0.033
Health tax	$0.012
Open space tax	$0.012

                                   

Township of Lacey: the five-member Township Committee constructs the budget, publishes a synopsis in the newspaper and then votes on it after two public hearings.

Each budget is submitted to the Ocean County Board of Taxation, who adds the three budgets (Lacey School District, County and Township) together and divides that total by the total assessed value of the municipality.
The rate is based on each $100.00 of assessed value. If you own a home with the average assessed value for 2011 of $317,924.00 and this years tax rate of $1.468 per $100 of assessed value your taxes would be $4,667.13.

$317,924.00

X $1.468 per $100.00      $4,667.13