In their March 25 meeting, Glassboro’s Mayor and Council voted unanimously to introduce the 2025 budget, totaling $32.8 million. That’s a 2.77% larger budget than last year.1
Of that, about $15.3 million is paid for with property taxes; the rest with state grants/aid and other local sources like fees and fines. At over $5.3 million, the largest revenue source after property taxes is “Long Term Ground Lease/Pilots”, which includes payments in lieu of taxes (PILOTs) made by new developments, but also rent that the Borough collects as owner of the land beneath all buildings on Rowan Boulevard.2
Glassboro’s municipal property tax rate will rise from 1.078 to 1.119.3 If your house is assessed at, say, $250,000, then your municipal tax bill will rise by around $102 from $2,695 ($224 per month) to $2,797 ($233/month).
The Whit says this new rate “would mark the second tax increase within the last seven years[.]” Actually, this will be the third consecutive rate increase within the last seven years.
The Borough does not directly control budgets or tax rates for Gloucester County’s government or the Glassboro Public School District, but Glassboro’s budget estimates those for us. The County rate is expected to rise from 0.727 to 0.729. The School rate may rise from 1.715 to 1.730. That brings the total estimated property tax bill for a Glassboro home assessed at $250,000 to $8,945 ($745/month), up from $8,800 ($733/month) last year.
The single largest budget appropriation listed is for police salaries, totaling over $6 million or 18.8% of the budget.
The national inflation rate from March 2024 to March 2025 was 2.4%, so the budget grew by 0.37% in real terms.
As Planet Princeton says, under PILOT agreements the land upon which the newly developed buildings sit—usually privately owned—is tax-exempt. It seems Glassboro got around this by simply owning the land, itself, and thereby being entitled to collect a kind of rent.
Or 1.1187, depending on which page of the budget you ask. I’ll use the rounded-up number.