The Borough of Avalon has maintained its decade-long AAA bond rating from Standard and Poor’s and Moody’s, the highest rating offered by the financial services. The Borough received its most recent AAA rating confirmation letter last month.
2018 was an outstanding financial year for the Borough. Avalon has the lowest municipal tax rate in Cape May County with a rate of 19.9 cents per $100 of assessed valuation. And, Avalon has the lowest overall tax rate of any community in the State of New Jersey at 48.8 cents. The overall tax rate includes municipal, library, county, school and open space taxes.
For more information, please click the link to the Cape May County Herald article below.