Property reassessment isn't about raising taxes
August 31, 2022
The borough assembly and staff spent a fair amount of time at last week’s assembly meeting, explaining the intent of a contract with an appraisal firm to reassess the value of all the property in town. Homes, businesses, industrial properties, empty lots — they will all get a new look to make sure the borough’s valuation is fair.
This is about treating property owners equitably.
It’s also about following state law, which requires that cities and boroughs assess property “at its full and true value.”
This is not about raising taxes, though several assembly members said they have...