The real property located in the Township (of which approximately 10.4% of such real property is exempt from taxes) was last reevaluated in 1990. The following tables set forth the approximate assessed valuation, approximate market value and equalization rate of the Township's real property for the years 2003 through 2006.

	2006	2005	2004	2003
Assessed Value	381,234,200	380,371,900	373,840,700	368,578,300
Market Value	838,430,173	737,869,835	649,028,993	556,176,701
Equalization Rate	45.47%	51.55%	57.60%	66.27%

The composition of the 2006 Assessed Valuations above are as follows:

Residential	78.56%
Commercial	10.06%
Industrial	1.53%
Other	9.85%
Total	100%

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