The Hoboken Tax Reform Coalition

Jersey City notifies county tax board that it will begin property revaluation process

Article:
http://www.nj.com/hudson/index.ssf/2010/04/jersey_city_notifies_cou...

So, what's the latest on the *Hoboken* reval?

I've heard it mentioned in the recent past that a reval in Hoboken can take 2 to 3+ years. How is it possible that a city the size of Jersey City can conduct the reval in 18 months (per the article) but it will take Hoboken 2 to 3+ years?

Tags: reval, revaluation

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Permalink Reply by khoboken on April 28, 2010 at 8:16am

"heard" that because most folks who have been in power have a vested interest in not having one done. as they have owned properoty in town for a long time and benefit from an artificially low assessment. A reval will clean out a lot of ugliness in town; and redistribute the tax burden equitably. This should be a priority of the mayor - make it happen.

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Permalink Reply by robert randall on April 28, 2010 at 10:55am

I believe the longer period may be necessary because Hoboken has obsolete tax maps that need to be updated before the actual appraisal process can begin. If JC has already updated their tax maps then they're a big step ahead and could complete the process far more quickly.

It's my understanding based on a conversation with someone likely to know the real scoop, that Hoboken's process has moved slowly because our fiscal monitor has been an impediment to the process for reasons known only to her. Fortunately, that impediment should be gone soon since state fiscal control will likely end in a few months. Then the process can move forward as quickly as possible.

Jersey City notifies county tax board that it will begin property revaluation process

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