Township Lowers Limit on Tax Appeal Settlements
South Brunswick Township Council lowers settlement threshold hoping to stem the tide of dropping ratables.
With declining ratables impacting both municipal and school tax rates, the township is lowering the threshold for settlements on tax appeals. Previously, any settlement on a tax appeal that was greater than $50,000 had to be brought by the South Brunswick Tax Assessor to the Township Council for approval. At last week's meeting, the council lowered the settlement limit from $50,000 to $25,000. "In the past, the assessor had latitude to negotiate at a maximum of $50,000. Where that really comes into play is with the business community," said Public Affairs Coordinator Ron Schmalz. "Over the last few years the assessor has been doing a good job, but administration wasn't aware what was going on with the appeals and the values were dropping …
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Truthteller
11:46 am on Thursday, April 19, 2012
Fair point more ›