NJ towns see surge in property tax appeals

May 14, 2009 5:07:55 AM PDT
New Jersey towns are besieged by angry property owners who are challenging their valuations. Some 20,000 tax appeals have been filed in Monmouth and Ocean counties this year. That's a 230 percent increase from 2008, when only 6,067 were filed.

Both counties have hired additional staff to deal with all the paperwork.

Ocean County's tax administrator blames the recession and the number of revaluations and reassessments.

Lakewood has already spent about $3 million to settle some of the 4,500 appeals. Township tax coordinator Cassandra Johnson says it's a "nightmare."

Monmouth County tax administrator Matthew Clark says towns could be forced to raise taxes, cut services of apply for short-term loans if enough appeals are successful.

New Jersey has the nation's highest property taxes on average.


Information from: Asbury Park Press, http://www.app.com

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