Stone Harbor property owners received a letter from VITAL Communications in the fall detailing the upcoming Borough wide revaluation.
Representatives from the company will be inspecting properties starting this winter and through the early summer (based on permission for access).
It’s in the owner’s best interest to allow the Vital Communications rep through the home so that accurate data can be posted.
Once the revaluation is complete, the data will be processed by the Borough Tax Assessor’s office for the 2018/2019 tax year.
More information will be posted on the Borough of Stone Harbor’s web site
Why So Many Demolitions?
This is a question asked often by long time property owners.
There are several answers:
1) The owner of an existing modest home wants to expand, but encounters the reality of new flood elevation regulations and construction codes.
2) A builder/developer purchases an older home in a prime location and pays a premium for the land. Â The architect designs a home to take advantage of views and permitted square footage.
3) The current structure is a non-confirming use- for example a duplex in a residential zone. Â In order for the property owner to make any size changes (referred to as cubic content in the zoning laws), the building must convert to current zoning. Â The owners have to weigh the costs of a substantial remodel (typically including lifting the structure to meet elevation codes) versus building new.