Keady wrote: Once we review the budget, we must decide as a community: ...Are we willing to pay 5% more in taxes to cover the costs of what is being proposed by our City Departments?
...If we are not willing to pay 5% more, is there a way to generate revenue from other sources to cover the increase? Me: Yes, take a look at how some residential and commercial properties are assessed. Me: Yes, take a good hard look at tax-exempt properties and challenge the questionable one(s). Me: Yes, Make sure inspections are done asap to move tenants into the redevelopment zone and elsewhere in the city. ....5% means "only" $180 per year for a home assessed at $150,000. Try a revalue of properties and reasses: 1) You have around 3900 properties in the systems as per M County 2) You have a majority of those properties assessed at less then $150,000 (around 3250 proeprties). 3) You have ONLY 629 +/- assesed OVER $150,000 4) Out of those, only 115 are assessed OVER $500,000, many of which are tax exempt.... THEN: 1) A homeowner assessed at 158,800 pays $6864 in taxes (4.34%) 2) A new condo owner on the Ocean pays (based on $655,000 sale price) pays roughly 1.3% on their purchase. ($8400) 3) Question: Would the 5% INCREASE impact the redevelopment zone? Or does that get abated. 4) When does AP get revalued? If you need more questions.... Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/