Cherry Hill eyes school aid to offset potential tax hike

No new tax rate was available Tuesday, but the total tax levy would come to about $146.76 million. Even with the $500,000 giveback, taxes are likely to increase slightly because the value of taxable property in the township has declined by nearly $60 million over the past year. Under the current rate, school taxes are about $4,586 for a house assessed at the $140,000 township average. http://bit.ly/dSv6se