Property owners in the City of Wayne are going to receive an unpleasant surprise when their winter tax bills arrive in a few weeks.
A tax increase of 13.1399 mills will be included on the Dec. 1 property tax bills which are due no later than Feb. 15. The average home in Wayne, valued at $118,000 according to Zillow, with a State Equalized Value (SEV) of $59,000 will see an increase of $787. The hefty addition to the current property tax rate was agreed to by a consent judgment filed Nov. 12 between the city and the Municipal Employees Retirement System (MERS) which manages pensions due retired city employees.
MERS had filed suit Aug. 7 against the City of Wayne which is currently $4,753,409 in arrears in payments into the retirement fund and is facing an additional 7.2 million contribution in 2022. Municipal contributions to the pension fund are required by state law. In March, the city made the bare minimum payments into MERS, remitting only the contributions made by current city employees and sending nothing from the general fund budget toward the arrears.