Bramnick: N.J. can’t afford to restore aid to towns to cut property taxes

assetContentABOARD THE CHAMBER TRAIN — Assembly Minority Leader Jon Bramnick (R-Union) said Thursday he’d like to restore aid to New Jersey’s municipalities to lower property taxes, but the state simply can’t afford it. Lawmakers have introduced a bill ( A302) to restore hundreds of millions of dollars in energy tax receipts and Consolidated Municipal Property Tax… Read the rest of this entry »

Posted: February 26th, 2016 | Author: | Filed under: New Jersey, New Jersey State Budget, News, NJ GOP, Property Taxes | Tags: , , , , , | Comments Off on Bramnick: N.J. can’t afford to restore aid to towns to cut property taxes

Freeholders Reduce County Spending By $18.2 million

MON CTY FREHDLSThe Monmouth County Board of Chosen Freeholders will introduce their new budget to the public on Feb. 25 at the Monmouth County Library Eastern Branch in Shrewsbury and at 7 p.m. on March 24 at the Monmouth County Library Headquarters on Symmes Drive in Manalapan.  Both meetings start at 7 p.m.

The $469.85 million budget is $18.2 million less than last year’s, reduces the county tax levy to the 2010 level and reduces spending to the 2007 amount.  County property taxes are reduced by $4.9 million.

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Posted: February 25th, 2016 | Author: | Filed under: Monmouth County Board of Freeholders, Monmouth County News, Property Taxes | Tags: , , , , , , , | Comments Off on Freeholders Reduce County Spending By $18.2 million

Arnone Calls For Tax Cut, Boost of Local Jobs

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Freeholder Director Thomas A. Arnone

Freehold– Freehold Director Thomas A. Arnone called on his colleagues to reverse $4.9 million County property tax increase, 1.5%, imposed last year,  now that Monmouth County is no longer subsidizing the nursing homes that had cost Monmouth taxpayers almost $50 million over the last ten years.

Speaking at the annual reorganization of the County government on Wednesday afternoon, Arnone, who was elected as Director for 2016 by his fellow freeholders, announced that the auction of the nursing homes was completed this week and generated $32.4 million, $12.4 million more than expected.  Arnone said that as a result of no longer having to carry the nursing homes, that taxes should be reduced back to the level that the board had held steady from 2008 through 2014.  The Director told MoreMonmouthMusings that he would urge the Board to use the $32.4 million proceeds of the sale to reduce the County’s AAA rated debt.

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Posted: January 7th, 2016 | Author: | Filed under: Christine Hanlon, Monmouth County, Monmouth County Board of Freeholders, Monmouth County News, Property Taxes, Tom Arnone | Tags: , , , , , | 2 Comments »

O’Scanlon and Tax Board Announce Assessment Reforms

Assemblyman Declan O'Scanlon

Assemblyman Declan O’Scanlon

Assemblyman Declan O’Scanlon and the members of the Monmouth County Tax Boards announced reforms to the controversial Assessment Demonstration Program yesterday. The changes are designed to address the volatility in property valuations that taxpayers have been experiencing during the early years of the pilot program’s implementation.

In addition to making appropriate adjustments to the program, O’Scanlon told MMM that he his hopeful that municipal officials will focus on the program itself, and not the controversy over the allegations of conflicts of interests among assessors, Tax Administrator Matthew Clark, and the vendors working the program, when deciding whether to continue their participation participation in 2017.  The Tax Board announced last month that towns can opt out of the program for 2017 by April 29, 2016.

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Posted: December 17th, 2015 | Author: | Filed under: Monmouth County Board of Taxation, Monmouth County News, Property Taxes | Tags: , , , , , , , , | 2 Comments »

Monmouth Tax Board: Towns Can Opt Out of Assessment Demonstration Program

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Tax Commissioners Cliff Moore, James Stuart and Kathy Cody Bjelka

The Monmouth County Tax Board acted on Monday to allow municipalities to opt out of the controversial pilot program, the Assessment Demonstration Program. The program has resulted in the volatility of property assessments and spurred a grand jury investigation into alleged conflicts of interest among key players in the County’s complex property tax system.

By an unanimous vote Monday afternoon, the Tax Board approved a resolution offered by Commissioner Clifford J. Moore III to immediately allow municipalities to opt out of the program for the 2017 tax year.  Towns must notify the board that they are opting out by 11:59 p.m. on April 29, 2016.

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Posted: December 1st, 2015 | Author: | Filed under: Monmouth County, Monmouth County Board of Taxation, Monmouth County News, Property Taxes | Tags: , , , , , , | Comments Off on Monmouth Tax Board: Towns Can Opt Out of Assessment Demonstration Program

State blasts tax boards, may force N.J. towns to reassess properties

assetContent (21)TRENTON — Three New Jersey municipalities in Union, Hudson and Middlesex counties are under investigation by the state for stalling property reassessments for decades and could be forced to conduct revaluations. The investigation of Jersey City, Elizabeth and Dunellen is a shot across the bow to municipalities in the three counties the state says have neglected… Read the rest of this entry »

Posted: November 19th, 2015 | Author: | Filed under: New Jersey, Property Taxes | Tags: , , , , , , | 1 Comment »

Whatever happened to Assembly Democrats’ pledge to cut N.J.’s sky-high property taxes?

assetContent (75)TRENTON — Minutes after being sworn in for his ninth term in January 2014, Assembly Majority Lou Greenwald pledged that the time had come for real property tax reform. “Let us join together. Let us do the unthinkable and prove the cynics wrong. Let us attack New Jersey’s property tax crisis once and for all,” Greenwald… Read the rest of this entry »

Posted: April 18th, 2015 | Author: | Filed under: Legislature, NJ State Legislature, Property Taxes | Tags: , , , , | 2 Comments »

Rebate ‘Shell Game’ Makes It Hard to Track Property Tax Facts in New Jersey

 The average New Jersey homeowner paid $8,161 in property taxes last year, according to new data. Determining how much that number has risen is another matter. That’s in part because the Department of Community Affairs stopped publishing property tax rebate information in its annual town-by-town…
Posted: January 30th, 2015 | Author: | Filed under: Chris Christie, Property Tax Tool Kit, Property Taxes | Tags: , , , , | 2 Comments »

Bill to restore N.J. property tax information removed by Christie administration advances

assetContent (7)TRENTON — The key state Senate committee today approved a bill requiring Gov. Chris Christie’s administration to restore information about property taxes that it had removed from a state website earlier this year. The bill ( S2056), which cleared the Senate Budget and Appropriations Committee, would require that the administration post the town-by-town average residential property… Read the rest of this entry »
Posted: December 9th, 2014 | Author: | Filed under: Christie Administration, Property Taxes | Tags: , , , | 2 Comments »

Size Doesn’t Matter — Study of NJ Municipal Government Costs Concludes

What do Alpine and Harding, two of the state’s wealthiest enclaves, have in common with Newark, Camden and Trenton, three of New Jersey’s largest and poorest cities? All five spend more than $2,000 per person on municipal government services — 50 percent more than the average for the state’s 513 nonresort communities, Raphael J. Caprio and…

Posted: November 17th, 2014 | Author: | Filed under: New Jersey, Property Taxes | Tags: , , | Comments Off on Size Doesn’t Matter — Study of NJ Municipal Government Costs Concludes