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[quote="cranbury liberal"]The Township isn't just considering this, they already have taken the time and energy to submit a plan with the New Jersey Division of Taxation and the Middlesex County Board of Taxation according to the article in this week's Cranbury Press. They need to explain to me as a taxpayer how this will either benefit me personally or how they can assure me that someone else's benefit won't in the slightest hurt me. I already pay a tax amount more than twice the Township average so it would be insult to injury to use some of my tax dollars which pay for their salaries and any money spend on these selective re-assessments to lower other people's tax assessments at my expense.[/quote]
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Guest
Posted: Mon, Nov 17 2008, 12:41 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
Blablabla wrote:
A bunch of BS this tax thing is!
You can always call the tax assessor up and complain that you think you were over-assessed. He will then knock 10% off your tax bill. That's fair, isn't it? Complaining can save you big $$$$
Is that true? Hmm... Maybe I should call the tax assessor now.
Blablabla
Posted: Sun, Nov 16 2008, 1:16 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
A bunch of BS this tax thing is!
You can always call the tax assessor up and complain that you think you were over-assessed. He will then knock 10% off your tax bill. That's fair, isn't it? Complaining can save you big $$$$
publius
Posted: Sat, Nov 15 2008, 8:05 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
The squeaky wheel gets the grease?
Guest
Posted: Sat, Nov 15 2008, 4:37 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
Someone posted the related Cranbury Press article here:
http://cranbury.info/viewtopic.php?t=3062
cranbury liberal
Posted: Sat, Nov 15 2008, 2:43 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
The Township isn't just considering this, they already have taken the time and energy to submit a plan with the New Jersey Division of Taxation and the Middlesex County Board of Taxation according to the article in this week's Cranbury Press.
They need to explain to me as a taxpayer how this will either benefit me personally or how they can assure me that someone else's benefit won't in the slightest hurt me. I already pay a tax amount more than twice the Township average so it would be insult to injury to use some of my tax dollars which pay for their salaries and any money spend on these selective re-assessments to lower other people's tax assessments at my expense.
Guest
Posted: Sat, Nov 15 2008, 1:13 pm EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
Truthfully, anyone who wants to oppose an assessment can do so on their own. I don't see a justification for the town to get involved again. The big concern is the fall in commercial real estate, I believe such an action can cause the homeowners a further burden by reducing the commercial values in town.
Guest
Posted: Sat, Nov 15 2008, 10:07 am EST
Post subject: Re: Cranbury wants to lower some taxes and make the rest of us pay for them
This is new to me. If true, this must be on the agenda of a future TC meeting. We will know more then. It's good to get a heads up.
cranbury liberal
Posted: Sat, Nov 15 2008, 9:53 am EST
Post subject: Cranbury wants to lower some taxes and make the rest of us pay for them
Does anyone here no the details or the rationale behind Cranbury Township’s plan to let a select subset of residents get re-assessed next year?
I’m open to knowing more but based on the details in the Press this sounds like an incredibly bad idea and very unfair to most residents. As outlined in the paper, people will be able to request re-assessment but the Township will be able to decide who gets it with a maximum of less than 25% of homeowners being approved. Those re-assessed would see their taxes property taxes reduced, presuming the re-assessment showed a lower property value which is almost certainly would.
Here are some of the obvious problems with this plan:
-- How do you decide who gets re-assessed? It lays out an objective requirement of needing at least three recent neighborhood comps but even with that the program may conceivably get more than 25% of homeowners applying if it means saving money. So what is the next criteria for elimination? Random? Based on who you know? How squeaky a wheel you are? First come, first served? Or will it be politically determined by the TC, as they have done with other things? First come is the only remotely fair way of these and even then it biases those who get the word soonest. Also, eliminating those without 3 comps is unfair. We live where that won’t be possible. But there weren’t three relevant comps when they did the 2006 re-assessment either and that didn’t stop them from assessing it by comparison to other similar aged and sized homes in totally different neighborhoods. So it works when they are re-assessing at peek value but excludes us now?
-- All Township residents will be effectively paying for the re-assessment and personal benefit of a small subset of residents. How is that fair?
-- The result of the re-assessment is not only that those 75% of residents will get the benefit of paying less versus everyone else, but that the remaining 75% of residents will all have to pay more as a result. Remember the re-assessment only determines the way the same pot of money is divided between everyone to pay. It will not change the total amount due by all taxpayers or shift any burden to the commercial properties. So if this process reduces the tax for 25% of people by definition it shifts the burden to the rest of us. So we effectively pay TWICE for those lucky few: 1) We help pay for the costs of their re-assessment then 2) We get increased taxes as a result, despite our real property values having likely declined an equivalent amount.
-- It makes no sense. The article quotes a Township official as saying “It keeps everyone as equal as possible” between full re-assessments but this is the opposite of the truth. Consider all the reasons above. But consider that under this plan two same-aged, same-model houses with the same lot size in the same neighborhood, right next to each other even might end unevenly taxed based on one getting re-assessed and the other not being re-assessed. How is that “equal” or fair?
-- The article claims it would have a minor impact on an individual’s taxes but this isn’t necessarily true. Many homes have dropped 20% in value since their re-assessment. There is a decent chance they are about to drop much more next year as a result of the particular trauma to the tri-state economy as a result of the estimated 200-300,000 job losses expected in NYC alone. So by the time they do this re-assessment values may be down well over 30%. That could mean a reduction of over 1/3 of the lucky 25%’s burden at the expense of the rest of us.
-- The 25% cap is per year, so in theory everyone could benefit after 4 years. But not everyone will be able to make the 3 “recent comps” plan ever, so those people will be burdened for 10 years or more until the next re-assessment paying more and more taxes as a result of everyone else’s reductions. And even if you can be re-assessed but aren’t lucky enough to get in until the fourth year, that’s 3 years of substantially higher taxes for you as a result of having to make up the ever increasing gap created by others reductions.
Unless there are additional facts yet to emerge which changes these facts this proposal is fundamentally unfair and a terrible idea.