STONE HARBOR – In January 2018, Stone Harbor announced the completion of its revaluation of borough properties. The process was ordered by the Cape May County Board of Taxation.
Two factors lead to revaluations – the ratio of assessed value to true value, and the coefficient of deviation in the samples.
If the average ratio falls below 85% or the coefficient of deviation reaches 15%, the County Board of Taxation usually orders a revaluation.
Two years after completion of the revaluation in Stone Harbor, property values continue to grow in relation to assessed value. At the March 3 Borough Council meeting, Tax Assessor Margaret Slavin reported a 94% market ratio.
Cape May – Governor Murphy says he doesn't know anything about the drones and doesn't know what they are doing but he does know that they are not dangerous. Does anyone feel better now?
