Passaic County - The Tax Man Cometh
From the Herald News:
County board orders revaluations
County board orders revaluations
The Passaic County Board of Taxation expects to order all municipalities to undergo property revaluations within three years said Richard Mohr, board president.
Ringwood, North Haledon, Little Falls, Totowa and West Paterson will initiate the process, having received letters ordering revaluations last month. The next batch of municipalities will receive notices next summer, he said.
It has been nearly two decades since the last countywide revaluation. In 1985, the taxation board ordered all county municipalities to re-evaluate their tax base, and the process was completed between 1986 and 1992 by all municipalities except Paterson, said Mohr. Paterson is currently undergoing a revaluation and hasn't completed one since 1971.
Homeowners shouldn't assume that their tax bill will increase because their property value will be updated, said Mohr. Taxes increase across the board as municipal, school, open-space or county spending increases -- not as property values rise, he said.
7 Comments:
i agreed with richie, this is a screw job for the smaller home
owners.
and at least passaic is not hiding
it. they are telling the taxpayer
right now. Your taxes are going
up.
I apologize for sounding like a broken record but I'm a firm beliver in challenging your tax assessment. Don't act like a bunch of sheep, appeal your tax bill don't just accept it. It's time to get MAD and start speaking up !!
Who is going to be living in NJ in ten years?
Public employees (40% of population), illegal immigrants (30%), local welfare recipients (30%).
If we continue at the rate we
a presently growing Illegals
will make up the majority in
NJ,
Grim, quick, close the thread.
Does anybody think that NJ has
a Gang Problem?
In trying to explain whats going
on in the state a few floks have said to me,,,"your all gloom and
doom", I say, does anybody know
whats going on?
The answer seems to be that most
people are not aware of the problems.
It just goes on and on, from
the attorney general,(seem to have gone away), to taxes, gangs,jobs
leaving,
Most people dont seem to give
a hoot.
It doesn't matter whether prices are high or low when they reassess, the reassessment will establish relative values amongst all properties in town. Once they know total property values, they can establish a new tax rate. My town just reassessed, and newer homes saw declines while older homes saw increses (mine went up 28%). The real probelm in my area is that residential values rose much quicker than commercial or industrial property values, so when all is said and done, post-re-valuation homeowners are going to bear a larger share of the cost of municipal, county and school budgets.
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