South Brunswick Tax Appeals Continue to Rise
Nearly 400 tax appeals filed as township looks for ways to mitigate impact on the budget.
As property values continue to decline, tax appeals in South Brunswick have increased exponentially this year. In 2012, 391 tax appeals were filed in the township, up from about 180 appeals in 2011. "Anytime you get the number of tax appeals that we have, it becomes a major problem," said Mayor Frank Gambatese. "We're now up to 391 appeals, after we lost $100 million last year, so it's a major concern. There's not much we can do, with the true value of homes dropping to 45 percent." In 2011, approximately 100 companies successfully sued the township for a tax reduction, which resulted in the loss of over $100 million in ratables. Of that total, $98.5 million came from commercial and industrial tax appeals. The township ratable base …
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Winston
6:57 pm on Friday, May 18, 2012
How come we never hear from our illustrious town manager? The mayor said he was the most qualified because had a "degree in economics which is important in these troubled times" not because he is the local Democrat party political boss who helped raise money and get them reeleceted. Frank doesn't understand the difference between finance and economics! I find it odd that bernie never makes any … more ›