WHIPPANY — With the state’s Transportation Trust Fund less than three weeks away from running out of money for new road, bridge and rail projects, Gov. Chris Christie said the fix being pushed by the Democratic-controlled legislature lacked sufficient tax breaks to be signed into law. Speaking to the Morris County Chamber of Commerce on Monday,… Read the rest of this entry »Posted: June 14th, 2016 | Author: admin | Filed under: Chris Christie, News | Tags: Chris Christie, Gas Tax, New Jersey Pensions, Property Taxes, Tranportation Trust Fund | No Comments »
TRENTON — The state Division of Taxation has declared two of the three municipalities forced to undergo property revaluations in violation of that state order, NJ Advance Media has learned. Jersey City and Elizabeth have missed May deadlines to submit plans to comply with the April order that gives them until November 2017 to conduct revaluations,… Read the rest of this entry »Posted: May 24th, 2016 | Author: admin | Filed under: New Jersey, News | Tags: Elizabeth, Jersey City, New Jersey, Property Taxes, Property valuations | Comments Off on State busts Jersey City, Elizabeth for violating order to reassess properties
LAKE COMO — Residents in this tiny Jersey Shore borough have rejected a 22-percent tax increase, likely leading to the disbandment of its police department. The referendum — a requirement if a municipality is going to exceed a 2-percent property tax increase cap set by a 2010 state law — received 379 “no” votes to 137… Read the rest of this entry »Posted: April 20th, 2016 | Author: admin | Filed under: Monmouth County News | Tags: Lake Como, Lake Como Police Department, Monmouth County News, Property Taxes | 2 Comments »
By Freeholder Director Arnone, Thomas.Arnone@co.monmouuth.nj.us
Mother Nature may be playing tricks on us with the weather again – she’s bringing in extremely low temperatures, then teasing us with spring like weather in the 60s this past weekend. But there is no trickery here at the County, I made a promise last month that I would provide our residents with a much needed tax break, and I am holding true to the that statement, along with my fellow freeholders by proposing an overall tax cut of $4.5 million. This is the first time, I believe, that freeholders have ever decreased taxes to the county residents.
We propose collecting $302.5 million from property taxes, down from $307 million just last year. At the end of 2015, Monmouth County completed the sale of its two care centers which eliminated the yearly operating losses that the facilities have incurred for several years. The public auction of the two facilities generated $32.4 million in revenue; approximately $18 million more than was projected.admin | Filed under: Monmouth County, Monmouth County Board of Freeholders, Monmouth County News, Tom Arnone | Tags: Freeholder Director Tom Arnone, Monmouth County Board of Chosen Freeholders, Monmouth County News, Property Taxes, Tax Cut, The Arnone Report | 4 Comments »
ABOARD 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: admin | Filed under: New Jersey, New Jersey State Budget, News, NJ GOP, Property Taxes | Tags: Assembly Minority Leader Jon Bramnick, Assembly Republcians, Assembly Republican Leader Jon Bramnick, energy tax receipts, NJ State Budget, Property Taxes | Comments Off on Bramnick: N.J. can’t afford to restore aid to towns to cut property taxes
The Monmouth County Board of Chosen Freeholders introduced a budget on Thursday that reduces County spending by $18.2 million and reduces the property tax levy on County residents and businesses by $4.5 million. The tax decrease is the first in 21 years and maybe ever, according to County Finance Director Craig Marshall.
The budget for the next fiscal year rolls County taxes back to 2008 levels and reduces spending to less than the 2007 budget. The tax cut reverses an increase, the only one since 2007, that the County imposed in the current year.
“This is a real cut,” said Freeholder Director Tom Arnone. “There is no fiscal gimmickry or raiding of trust funds or utility balances in this budget.”Art Gallagher | Filed under: Monmouth County, Monmouth County Board of Freeholders, Monmouth County Budget, Monmouth County News, Serena DiMaso, Tom Arnone | Tags: Budget, Freeholder Deputy Director Serena DiMaso, Freeholder Director Tom Arnone, Monmouth County Board of Chosen Freeholders, Monmouth County News, Property Taxes, Tax decrease | 19 Comments »
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.Art Gallagher | Filed under: Monmouth County Board of Taxation, Monmouth County News, Property Taxes | Tags: Assemblyman Declan O'Scanlon, Assessment Demonstration Program, Cliff Moore, James Stuart, Kathy Cody Bjelka, Matthew Clark, Monmouth County News, Monmouth County Tax Board, Property Taxes | 2 Comments »
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.Art Gallagher | Filed under: Monmouth County, Monmouth County Board of Taxation, Monmouth County News, Property Taxes | Tags: ADP, Assessment Demonstration Program, Cliff Moore, Matthew Clark, Monmouth County News, Monmouth County Tax Board, Property Taxes | Comments Off on Monmouth Tax Board: Towns Can Opt Out of Assessment Demonstration Program
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: admin | Filed under: New Jersey, Property Taxes | Tags: Dunellen, Elizabeth, Hudson County Middlesex County, Jersey City, NJ Property Taxes, Property Taxes, Union County | 1 Comment »
By Monmouth County Freeholder Thomas A. Arnone
I know there is much speculation recently on the integrity of the Assessment Demonstration Project and I want everyone to know that we hear you and we will support your inquiries. Earlier this year, I along with my fellow members of the Board of Chosen Freeholders asked Matt Clark, Monmouth County’s Tax Administrator, to hold a meeting for all the municipalities to explain the details of the Assessment Demonstration Project. It was our understanding that attendees left feeling more comfortable with what they heard and understood the benefits of the program. As a result of the close working relationships we have throughout the County, numerous Mayors have contacted the Freeholders with concerns over the uncertainty of this program and the recent negative media coverage surrounding it. While we all did our best to alleviate those concerns, we also understand the difficult position it puts most of them in. After the events the past few weeks, without making judgements on the program, its administrator or county tax board members, we believe it may be best to put this program on hold until all questions are answered and the Mayors can explain the long term tax benefit to the residents of Monmouth County . It is our hope that the timeline of January 1 will remain intact while these issues are vetted, as it gives the municipalities the ability to budget for the following year’s tax appeals. It is our hope that you continue to stay informed and aware of the tax assessment program through your municipality or at the County level.admin | Filed under: Monmouth County News, Tom Arnone | Tags: ADP, Arnone Report, Assessment Demonstration Program, Freeholder Tom Arnone, Monmouth County News, Property Taxes, Shark River, Shark River Dredging, The Arnone Report, Tom Arnone | Comments Off on The Arnone Report: Hold Up On ADP, All Systems Go On Shark River