RUMSON: SANDY SHIFTS TAX BURDEN INLAND

Homes like these on 1st Street could see their taxes rise as a result of falling home values closer to the Navesink and Shrewsbury rivers.  (Photo by Joe Fisher. Click to enlarge)

By JOE FISHER

Owners of Rumson properties spared damage by Hurricane Sandy will likely see increased  tax bills next year, according to Mayor John Ekdahl.

With a borough-wide property reassessment underway, the mayor said a drop in the value of storm-damaged homes close to the Navesink and Shrewsbury rivers will require increased taxes on undamaged properties to pay for municipal services.

“Waterfront homes typically get a higher assessment,’’ Ekdahl said. “But this time it’s going to be different.  Homes that were flooded will pay less, and some homes out of the flood zone could expect to see higher taxes.’’

Read More »

FAIR HAVEN FACING REASSESSMENT

A townwide reassessment will be the first in 10 years. (Photo by Joe Fisher. Click to enlarge)

By JOE FISHER

Fair Haven residents can expect a visit later this year from an examiner who will help determine the value of their home and land for property tax bills.

“Field work and analysis will take place this year,” said borough Tax Assessor Steve Walters. “It calls for an interior-exterior inspection of all properties,’’ as well as an analysis of recent home sales, he said.

Read More »