A question from the NJ Department of Community Affairs 2012/2013 Best Practices Inventory Questionnaire:“Given the potential fiscal impact of property tax appeals on municipalities, the Tax Assessor and CFO should review the status of filed appeals on a regular basis to determine their effect on future budgets and plan accordingly.
"With input and approval from the governing body, this plan should include an evaluation of current assessment values and should consider setting aside an adequate estimated reserve to fund potentially successful state tax court appeals. Has your municipality considered a property reassessment/revaluation to counter the effect of successful residential tax appeals?
"In answering this question, a yes answer indicates that the municipality either 1) determined after reviewing assessed values that a reassessment/revaluation is unnecessary due to assessed values accurately reflecting market values (resulting in a small number of successful appeals); or 2) if the impact of appeals is significant, a revaluation plan has been filed with your County Board of Taxation.”
Galloway is facing a great fiscal crisis with a record number of property tax appeals which could result in a significant number of Galloway employee layoffs and a further erosion of services. Galloway citizens deserve to know whether the DCA’s property tax reevaluation question has been thoroughly reviewed and evaluated by our elected officials. An accurate property tax revenue stream that reflects the true market value of homes and businesses is needed to plan for Galloway’s future.
Jim McElwee
Democratic Candidate for Councilman
105 Misty Ln. Galloway NJ. 08205
Harry Hartman
12:54 am on Wednesday, September 26, 2012
Below is a paragraph from Local Finance Notice #2012-18 dated 27 August 2012. This notice is sent out by the NJ Division of Local Government Services and it explains how the municipalities are to complete the 2012 Best Practices Inventory Questionnaire. It also states that the questionnaire should be an agenda item at a public meeting of the governing body.
"Governing Body Acknowledgement. The completed form must be an agenda item for discussion at a municipal governing body meeting. The purpose is to ensure that local officials have been apprised of the response. That can happen before or after actual submission of the inventory form. The Municipal Clerk must subsequently file a certification (see attached instructions and certification form) confirming that the Inventory was discussed publicly."
Jim McElwee
2:32 pm on Wednesday, September 26, 2012
This addresses Open and Transparent Government which is one of the campaign platform points I am running on. Thank you Harry for your input.
Andy R.
3:16 pm on Wednesday, September 26, 2012
Hey Jim,
You are everywhere but you will lose 3-2.
Jim McElwee
3:17 pm on Wednesday, September 26, 2012
The independent votes could swing this election in my favor. Unless you are satisfied with the Republican candidates you have been asked to support for the last decade???
VTPat
8:31 am on Thursday, September 27, 2012
Chief Mooney is no fiscal conservative, check his record in AC. LOL! Council needs a new voice not some leftover political machine appointee pocketing huge boatcheck payouts and lawsuits still pending last I knew. He's part of the problem and should never have been appointed ask Jim Whelan. BTW thought conservatives were against his type of shenanigans. Oh that is right, he's "entitled."