OUCH - revaluation
Brigantine Times
By Tom Morgan
I guess by now everybody has received their new Notice of Property Value that was recently mailed to them by Tyler Technologies CLT.
From what I have been told, if you new tax assessment goes up 400%, your taxes stay the same. Anything over 400% and your taxes are going to go up.
It :teems that the new unofficial average home value here in Brigantine is any-where from $450,000 to $600,000, depending on where you live,
Tyler CLT is being paid $600,000 by the City of Brigantine to collect all relevant data from the 9,000
properties in Brigantine and assign, to each property individually, the true market value of that property. This is done by doing a comparative market analysis on all homes sold over the last three years in Brigantine. Right now there are over 700 homes up for sale in Brigantine.......
...... The biggest concern that residents have is that their taxes will drastically rise.
......Brigantine is not the only municipality that Tyler CLT is doing a re-evaluation for. Tyler CLT did the re-evaluation for Veninor, and they also did the re-evaluation for Upper Township, Middle Township, Dennisville, North Wildwood and Egg Harbor City to name a few.
...... Many residents in North Wildwood have challenged their new assessments. North Wildwood has close to 7,000 properties that were re-evaluated by Tyler CLT. North Wildwood City officials estimate that their town's value has increased from $866 mil-lion dollars to close to $ 3 billion dollars after appeals. According to reports the City of North Wildwood has writ-ten to Tyler CLT demanding to know how they came up with the city's new property values, and have threatened to withhold future payments until they explain their figures and formulas, and answer some questions by the city's finance commit-tee. A group known as the Wildwood Taxpayers association has had over 300 people attend meetings concerning the re-evaluation results.
By Tom Morgan
I guess by now everybody has received their new Notice of Property Value that was recently mailed to them by Tyler Technologies CLT.
From what I have been told, if you new tax assessment goes up 400%, your taxes stay the same. Anything over 400% and your taxes are going to go up.
It :teems that the new unofficial average home value here in Brigantine is any-where from $450,000 to $600,000, depending on where you live,
.......Results of the unofficial poll also reveal that new property values in different neighborhoods are also inconsistent as homes in the same areas have large differences in newly assessed value.
Tyler CLT is being paid $600,000 by the City of Brigantine to collect all relevant data from the 9,000
properties in Brigantine and assign, to each property individually, the true market value of that property. This is done by doing a comparative market analysis on all homes sold over the last three years in Brigantine. Right now there are over 700 homes up for sale in Brigantine.......
Many people expressed anger because homes in their neighborhoods were selling
in the $300,000 to $ 350,000 range and their homes were assessed for hundred of thousand dollars more.
in the $300,000 to $ 350,000 range and their homes were assessed for hundred of thousand dollars more.
...... The biggest concern that residents have is that their taxes will drastically rise.
......Brigantine is not the only municipality that Tyler CLT is doing a re-evaluation for. Tyler CLT did the re-evaluation for Veninor, and they also did the re-evaluation for Upper Township, Middle Township, Dennisville, North Wildwood and Egg Harbor City to name a few.
...... Many residents in North Wildwood have challenged their new assessments. North Wildwood has close to 7,000 properties that were re-evaluated by Tyler CLT. North Wildwood City officials estimate that their town's value has increased from $866 mil-lion dollars to close to $ 3 billion dollars after appeals. According to reports the City of North Wildwood has writ-ten to Tyler CLT demanding to know how they came up with the city's new property values, and have threatened to withhold future payments until they explain their figures and formulas, and answer some questions by the city's finance commit-tee. A group known as the Wildwood Taxpayers association has had over 300 people attend meetings concerning the re-evaluation results.
posted by Brigantine\Resident at 3/28/2006
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