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State property revaluation probe coming to South River

Wednesday, July 6, 2016   (0 Comments)
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NJ.com 07/06/16

State officials will hold a public hearing in South River later this month as part of their crackdown on municipalities they say are long overdue for property revaluations, NJ Advance Media has learned. A state Treasury Department spokesman confirmed the Division of Taxation will take testimony from residents at a July 26 public hearing in the Middlesex County borough. Similar hearings were held in Elizabeth, Jersey City and Dunellen before the state ordered the three local governments to undergo revaluations.

Late last year the state began investigating municipalities that have not held a revaluation or reassessment in at least 25 years. The vast majority of those towns are in Union, Hudson and Middlesex counties. Middlesex County's tax board remains the only one that has not since ordered any revaluations. "The Division is taking this action because of the repeated failure by the Middlesex County Board of Taxation to provide proper oversight," Treasury Department spokesman Joe Perone said. "Members of the Middlesex Board have demonstrated an astonishing lack of competence by ignoring their constitutional obligation."

South River, according to state records, has not held a revaluation in 29 years.It is one of five municipalities included in a second round of Division of Taxation investigations. The Hudson and Union county tax boards ordered revaluations of those towns, while South River remains the state's only open investigation.

 

 


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