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A Stronger Future for the
Jackson School District

A Tax-Neutral Opportunity

 

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Tax-Neutral

WHAT DOES IT MEAN? 
The amount you currently pay for school debt
will be replaced by an annual investment in the district’s annual budget.
Current debt

*Based on a home assessed at Jackson’s average of $654,839 

 

The Jackson School District has been working through financial challenges for several years. The district has made difficult decisions to reduce costs, including: 

  • Closing two schools and selling the properties to balance the budget; 

  • Reconfiguring grade levels and school structures; 

  • Reducing operating costs; and 

  • Challenging the state’s school funding formula. 

These decisions were made to preserve the Jackson School District’s educational programming, extracurricular activities, and the overall experience for students and families. 

Now, the district has a unique, tax-neutral opportunity to take another important step toward long-term financial stability, while keeping the tax rate steady. 

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By The Numbers

$7.8 MILLION: total proposal on the Dec. 8 ballot 

$29.66/MONTH: current amount the owner of a home assessed at Jackson’s average of $654,839 is paying for school debt - which is expiring in June 2027

$29.66/MONTH: future amount the owner of a home assessed at Jackson’s average would pay if the special question passes 

$4.2 MILLION: This amount is INCLUDED IN THE $7.8 MILLION PROPOSAL and reflects the amount needed to repay the State Aid loan, which will eliminate the assignment and expense of a State Fiscal Monitor, returning autonomy over financial decisions to the district. 

Graduation

 

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Tax Neutral Explained

This vote would allow the average homeowner to apply that $29.66/month to move the district toward long-term financial stability while keeping the tax rate steady.

This keeps the tax rate steady, while strengthening the long-term financial health of the district after years of stopgap solutions. 

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Assessed Value

Property taxes are based on a home's assessed value, not its market value. When estimating your tax impact, use your home's assessed value. You can find it on your tax bill or through your municipality's online property records.  

Senior Tax Relief Form

Senior Tax Relief

Seniors in New Jersey use one application to apply for three property tax relief programs. The State of New Jersey identifies seniors as residents age 65 and up. Eligibility criteria vary for each program. 

Learn more at the Division of Taxation website.  

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Questions? Email Dec8vote@jacksonsd.org