Township officials will ask the Ocean County Board of Taxation for permission to postpone its ongoing revaluation for another year in light of the deteriorating housing market, Mayor Stephen C. Acropolis said today.Acropolis said assessing homes while prices are falling would be unfair to Brick residents, and could also cost the township money. If prices fall below a home's assessment, the mayor said residents could successfully appeal their revaluations.
"If you do put a value on the houses in November of this year, in '08, when everyone gets their tax bill in '09, they're going to say, "I can't pay this much money. I'm going to appeal it,'' Acropolis said.
The mayor said the township would formally ask to postone the revaluation by letter this week.
Manchester and Toms River have had similar requests granted this year, according to county board officials.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment