| Author |
Message |
    
Buzzsaw
| | Posted on Monday, February 26, 2001 - 1:59 pm: |     |
A lot of the shock of this current reval was due to the large gap in between tax revals. Does anyone know when the next assesment is supposed to be? |
Lseltzer
| | Posted on Monday, February 26, 2001 - 2:13 pm: | |
This has come up a lot. Part of CV's job was to provide software and a database for the Tax Assessor to allow them to take new market data and make neighborhood-wide adjustments on an ongoing basis. I'm not sure how often they are allowed to do so but I'm pretty sure they can do so annually. In other words, it should eliminate the need for complete revals such as we are now undergoing. |
Tracks
| | Posted on Monday, February 26, 2001 - 3:24 pm: | |
I am not sure that it eliminates a need for a whole new reval eventually. If the assesor does one neighborhood when the market is high and does not get to another neighborhood a couple of years later when the market is low, then the town has the same problem all over again. Then they would have to do the whole reval again and probably sooner than later. That method only works with a stable market. |
Njjoseph
| | Posted on Monday, February 26, 2001 - 3:35 pm: | |
It's Mr. Galante's decision, but hopefully he'll be keeping track of ALL neighborhoods throughout the year and will adjust accordingly. However, I'm sure there will be problems when only a handful of houses sell, and there's not enough data to show the trend. Didn't we have this situation in the reval, or was it for just one street? |
Lseltzer
| | Posted on Monday, February 26, 2001 - 4:04 pm: | |
Tracks: When I say complete reval I mean where they go around to every house and reassess the whole town. If they are tracking all the market data and keep the information about each house up to date (such as additions, etc.) then i don't see why they would need to do a complete reval. Perhaps I'm wrong on this. |
Tracks
| | Posted on Monday, February 26, 2001 - 4:48 pm: | |
I know what you meant, I am just not convinced that it works out so nicely. My guess is the town will still have to do a complete reval in 20 years or so. |
Joancrystal
| | Posted on Monday, February 26, 2001 - 6:59 pm: | |
The town will have to do a revaluation much sooner if market conditions change significantly.
House sales are apt to be applicable only for comparable houses in their own neighborhoods. We all know how much trouble we have all had defining what comparable houses are.
Neighborhood definitions have been even trickier and they could change. |
Jimmurphy
| | Posted on Tuesday, February 27, 2001 - 9:25 am: | |
Questions for those who may know -
Is there a state law or regulation that requires these revals to be done on a periodic, townwide basis?
Could Maplewood and/or South Orange unilaterally move to a system of revals based upon purchase price like many other states have?
What would peoples' feelings be if the towns were to do so? Just curious.
Jim |
Lseltzer
| | Posted on Tuesday, February 27, 2001 - 9:54 am: | |
Someone else here posted a link to some law that I believe stated that revals had to be done every year. Nobody does them every year or anything near, and everyone has been looking the other way. Perhaps the new system can let us be closer to compliance. I don't know exactly what the law says.
I am pretty sure though that the law forbids using purchase price directly as you mention. I assume in such states that long-time residents end up paying less (or more, depending on how the market moves) than recent buyers. |
Njjoseph
| | Posted on Tuesday, February 27, 2001 - 10:03 am: | |
Larry, I thought it was 10 years. I thing Jerry posted it before. |
Vicdeluca
| | Posted on Tuesday, February 27, 2001 - 12:28 pm: | |
The Township Committee has asked Mr. Galante to regularly look at sales data and take action when and where it is warranted. I believe a review will occur this year (all sales until October 1, 2001) and periodically in the future. We now have the software that makes the process much easier.
We did discuss passing a resolution requiring a future township committee to have a revaluation in 2010. By law, we cannot bind them but we are looking at a way to give them an advisory opinion. Waiting 20 years for another reval should never be allowed again.
Now that the Newark revaluation is underway, the state and county tax board are taking action to make other Essex towns do revals. Orange, Essex Fells, Irvington and two other towns have been ordered to do so. |
Mtierney
| | Posted on Tuesday, February 27, 2001 - 4:58 pm: | |
Boy oh boy! We have all folded like cheap cameras! Already speaking about the next reval! Since when is this present mess being spoken of in the past tense? Some 825 or 850 people have formerly submitted complaints (depending on which post you read). I can recall TC members bumping into walls over 200 angry citizens and a crosswalk!
Have I missed something? Is the fight over? Was I mugged? No one called 911? |
Mem
| | Posted on Tuesday, February 27, 2001 - 5:17 pm: | |
How much will on-going, periodic revals cost? |
Lseltzer
| | Posted on Tuesday, February 27, 2001 - 5:31 pm: | |
Mem: If we've already paid for the software then I'm guessing they will be part of the regular duties of the tax assessor. |
Aruba18
| | Posted on Wednesday, March 7, 2001 - 4:34 am: | |
Mtierney - How right you are!! Since when have we given up the fight to make things right? If we all fold now, then we have all wasted an enormous amount of time and energy just typing on this board.....The situation has obviously not changed (read Lydial's note-she submitted pictures, etc, showing that her home was measured incorrectly, and nothing was changed), and, if anything, has gotten worse because all our efforts went unnoticed by the TC. This was very obvious when they accepted the two reports from the "experts" they had hired - I would dare say that if some of us hired our own "experts", that they would agree with us, because we are paying their fee!! Furthermore, since when do we need to go to southern NJ to hire people who aren't familiar with our town? This has been part of the problem all along... |
Tracks
| | Posted on Wednesday, March 7, 2001 - 12:12 pm: | |
Aruba ... sounds like you would not be happy unless the expert was one that agreed with you.
Was your assesed value given to you more or less than you would try to sell your house for? That is the bottom line. |