Point Beach To Finish Property Tax Reassessments Soon
New assessments to be mailed out no later than April 15
Point Beach is in the process of conducting property tax reassessments and has issued the following notice:
"The Borough of Point Pleasant Beach is in the process of completing a municipal wide reassessment of all property for the 2013 tax year. The project is revenue neutral, meaning the purpose is not to raise property taxes. The purpose is to bring the assessed value of all properties within the municipality to market value and to ensure that property assessments are fair and equitable.
Property inspections for storm damage have been ongoing since late December and are almost complete. Adjustments for storm damage will be incorporated into the new assessments.
Property owners will be notified by mail of their new assessment. The white post cards will go out no later than April 15. The tax appeal deadline will be 45 days after the mailing of the post cards.
Property owners are urged not to file tax appeals until they receive their new assessments.
The updated assessments will first be calculated as if no damage has occurred. The value will reflect the market value of the property as of October 01, 2012 – the annual statutory assessment date in New Jersey.
The assessment will then be adjusted to reflect damage sustained from the storm. Assessment reductions for storm damage will be removed when repairs are completed and inspected by the municipality.
Property owners should contact the Tax Assessor with any questions regarding the reassessment or storm damage reductions."