Village residents will have the opportunity to vote on a ballot measure regarding the Village’s Open Space Trust Fund, which dedicates money toward the acquisition, preservation, improvement, and protection of park and recreational property in Ridgewood.
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After 24 years at our current rate, this referendum proposes an increase in the Village’s existing Open Space Trust Fund levy to one penny per $100 of assessed property value. By way of illustration, a Village property with an average assessed value of $712,700 would pay approximately $35.64 more in annual property taxes.
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The Trust Fund preserves and enhances the Village's character by funding additional acquisitions and improvements to Ridgewood's open space and parkland properties.Â