I’m hearing from several property owners regarding the letter from the Borough of Avalon with an updated tax assessment.
Stone Harbor property owners should expect a similar notification this winter.
Both municipalities are required to maintain property assessments within a reasonable percentage of fair market value.
Periodic reassessments allow the tax assessor to review all property data (recent sales) and make adjustments.
All assessments are broken down in 2 parts: the value of the land and the value of the improvement (structure). Â The land value is consistent on a particular block (unless the lot size is different).
The boom of new construction is also big boost to our rateables. Â The 2018 tax rate is expected to be lower based on these new figures- a benefit for all of us.
If you have any questions regarding the market value of your Avalon or Stone Harbor home, I am happy to help.
ann.delaney@timkerrsir.com  609-967-7950
Snowy Sunrise
This never gets old…