Monthly Archives: July 2012
Howell Reassessment Blamed For $1.4 million Decline In Revenue

From Howell Patch: It was because of all those successful appeals that the county ordered a recently completed assessment. “The assessment further caused a significant decline in revenue due to declining housing market values,” the email continued. “To make up this loss in revenue, the municipal tax rate needed to rise if local services were […]

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Montclair Reassessment Causes Rise In Tax Assessments For Some

  From The Montclair Patch: With the decline the housing market, Montclair property owners have filed 3,724 tax appeals since 2007. The appeals reduced the assessed value only on the properties whose owners successfully appealed. With only a portion of properties being adjusted to market value, an unfair shift in the tax burden was created […]

Tax Appeals In New Providence Has Town Dipping Into Reserves

From The Independent Press: Among the issues the New Providence Borough Council discussed at its June 25 meeting was a multi-million dollar reassessment of a property in the borough. Council President Michael Genarro gave a run down on a tax appeal settlement for 41 Spring Street LLC. No information was available on the owners of […]