By JOE FISHER
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 its 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.