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 to be maintained.”

…More at Administration Responds to Tax Bill Questions – Patch.com

Similar Articles

Assessing Your Assessemen... Fair to say,  if you are living in New Jersey, you are probably paying more property taxes than you should. The National Taxpayers Union, in fact, estimates
Tax Appeal Scams Prevalen...   From Patch: Scammers are offering information that is useless and free for a cost, the Atlantic County Board of Taxation announced on Tuesday morning, March 19.
We Can Make This Easy Or ...   An article by Dave Sheingold in today’s Record highlights a trend regarding real estate tax appeals in New Jersey which we have seen develop in recent
Restrictions in Comparabl...   While it is a tax assessors job to review all of their sales and weed out exclusions that do not reflect market value, this high rate
NJ Property Taxes’ ... From Tax Foundation: States with high population density, like New Jersey or Connecticut, often face a dilemma concerning how to reconcile the tradeoff between necessary urban density
Tax Appeal Victories In N...   From NJ.com: April 1 marks the last day for New Jersey residents to file property tax appeals. More than 116,000 tax appeals were filed in New
America’s Highest P... When Christie became governor, New Jersey had the highest property taxes in the nation. Even if he were to serve two terms, we could still count on
Morris County Sees Smalle... Residential property taxes in Morris County increased at a lower rate than the state average from 2013 to 2014, according to state tax reports and a Daily
Reassessments May Be Head...   MyCentralJersey.com Are you fairly taxed? NJ targets towns on assessments MyCentralJersey.com That’s the primary reason why the number of tax appeals continues to drop in Somerset
Montclair Reassessment Ca...   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