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April 1, 2009

Re:      S-2711 – Revises Reassessment Procedures

Dear Mayor:

The League of Municipalities in conjunction with the Municipal Assessors Association of NJ strongly support legislation designed to provide municipal tax assessors, county tax administrators and county boards of taxation with enhanced flexibility to administratively address declining property assessments.

The current economic climate we now face has lead to a situation wherein many homeowners know their property values have declined but are uncertain with regard to appealing their tax assessment as the process can be intimidating and expensive.  Existing law prohibits reassessments of property values in a section of the taxing district unless the assessor notifies several state offices and receives approval from the county tax board and the State Division of Taxation.  This process is burdensome and designed to encourage assessors to limit reassessments to an entire taxing district.

S-2711, introduced by Senator Singer and Sarlo, simplifies the process by allowing the assessor to function without going to the State for approval. It gives the assessor the flexibility to perform “partial or neighborhood reassessments” by notifying only the county board of taxation when reassessing only a portion of the taxing district.

This is a good bill that lessens the cumbersome notification and approval procedures. It speaks to property taxpayers’ concerns during these trying times.

The bill awaits hearing in the Senate Community and Urban Affairs Committee. I urge you to contact your Senate representatives to support S-2711.

For further information, please contact Helen Yeldell at (609) 695-3481 ext. 1123 or by email at www.hyeldell@njslom.com

Thank You.

Very truly yours,

 

William G. Dressel, Jr.
Executive Director

      

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