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Borough Keeps Most of Ratable Gain

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By Vince Conti

STONE HARBOR – At the conclusion of a recent reevaluation process, Stone Harbor saw an increase of $364 million in ratables that brought the borough’s total property valuation to over $4.8 billion. Tax Assessor Margaret Slavin announced those facts at a February meeting of borough council.
On Aug. 7, Slavin told the council that challenges and appeals had reduced the ratables by approximately $10 million with six tax court appeals left, meaning more than 97 percent of the total increase in valuation remains.

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