COURT HOUSE — Some township property owners may see relief in their 2012 tax assessments.
During their Oct. 17 meeting, Township Committee discussed a compliance plan that, if approved by the county, would allow it to be conducted throughout the township.
Under the plan, the township Tax Assessor’s Office would look at targeted neighborhoods to see if properties in that area are assessed at true valuation.
“The Office of the Assessor will be going before the Tax Board, which will give the Tax Assessor the ability to do a neighborhood analysis which may help bring down some assessed values,” said Committeeman Dan Lockwood.
The compliance plan is not a township-wide reassessment, however. Rather it is geared to targeting specific areas where there has been an abundance of tax appeals as well as ample sales to justify a revision.
The compliance plan will only affect residential properties. Businesses will not be included.
Middle is joining several other municipalities in the county in adjusting its taxes.
“We’ve been watching for awhile,” said County Tax Administrator George Brown, “and other towns are doing a downward adjustment.”
The plan is one part of a two-prong approach to bring assessments into state compliance. The Township also plans to conduct a reassessment in 2013, Brown told the Herald.
According to Brown, “All properties, by state law, must be at true market value.”
With the beating the real estate market has taken in the past few years, some properties are valued at more than true market.
Property owners should be aware that they should get an annual assessment green card in January, said Brown. Some owners will see changes.
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