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CAPE MAY COUNTY FREEHOLDERS APPROVE TAX INCREASE

On Tuesday, the Cape May County Freeholder Board approved a new $139 million budget that raised the county tax rate by nearly one per cent. The increase is needed to offset a decrease of nearly $2 billion in property values throughout the county in 2011. The tax increase translates into an extra $9 of taxes on each $100,000 of property value.

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