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 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.
