--- In AsburyPark@yahoogroups.com, "Dave" <dsher4@...> wrote:
>
> Dan,
>
> Can you provide some insight as to what is likely to happen to real estate
> taxes after revaluation? My worry is that the revaluation dramatically
> increases the taxes to the people who have fixed up their homes and spend
> money in town while the dumps and slumlords see a decrease. Do you have
> insights into the matter?
>
> D
>
Revaluation, tax rates and assessment. What I always hold is that a certain
amount of money is needed. Whatever that is, it is generated through a
combination of assessed value and the tax rate. So, in a perfect world, is
assessments increase because they are brought up to 100% of market value, it
does not necessarily meant hat taxes per se should increase. The tax rate
should go do (assuming current assessed value is less than 100%).
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