Property taxes will likely be going up in Atlantic County. A new proposed budget would bring the tax rate up 2.2 cents. The Press of Atlantic City reports the proposal would bring the overall tax rate in the county to 34.4 cents per $100 of assessed value. The report cites county officials saying 2012 was challenging with the derecho from last June and Hurricane Sandy in Oct. Valuation has dropped in Atlantic County since 2008 by about $7 billion.
