Tuesday, April 05, 2016

N.J. Forcing Property Tax Revaluations

Excerpts
For the first time in 40 years, the N.J. Division of Taxation says it's forcing towns to begin property tax revaluations because they have been delinquent in complying with state law.

And the state is also investigating towns that have gone at least 25 years without completing the unpopular revaluation process, which could lead to property owners getting higher tax bills after the value of their properties is reassessed.

 The orders represent the beginning of a larger effort to address issues of noncompliance by municipalities in the absence of action by county tax boards, according to the release.

 “The county tax boards were complicit in this conduct by their abject failure to provide oversight of these municipalities,” Ficara said. “They have a fiduciary responsibility to recommend revaluations, where warranted, in their respective taxing districts. Instead, they ignored the mandates of the State Constitution and, thereby, shirked their responsibilities.”


The next steps for the municipalities include the following:
  • As part of the revaluation program, each municipality is required to submit up-to-date tax maps, with an “as of date” within the current tax year, within 90 days of the order for revaluation to the acting director of the Division of Taxation for review.
  • The municipal tax assessor for each town must, within 30 days from the date of the revaluation order, submit a proposed plan of compliance.
  • The municipal governing body shall take all necessary actions to enter into a revaluation contract in accordance with the law.
  • The municipal governing body shall prepare the necessary specifications for the revaluation contract and submit a copy to the Division of Taxation and the County Board of Taxation. 
  • Entire article at link below
http://patch.com/new-jersey/tomsriver/32-nj-towns-could-face-reassessments-big-tax-hikes

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At the present time Mullica Township is not on the list to be investigated by the State.  Mullica's last revaluation was in 1995.

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