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Municipal tax offices have been slow to respond to a tepid real estate recovery, especially in modest neighborhoods

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file photo by Boyd Loving

BY DAVE SHEINGOLD
STAFF WRITER |
THE RECORD

Homeowners at the lower end of North Jersey’s housing market — still suffering disproportionately from the real-estate slump — are now taking another hit in the form of inflated property tax bills that may be costing them hundreds of dollars extra per year.

An analysis by The Record shows that municipal tax offices across the region have been slow to respond to a prevailing trend of the recent tepid recovery — property values in most towns rising more slowly in modest neighborhoods — saddling those homeowners with an increasingly larger share of the property tax burden.

http://www.northjersey.com/news/municipal-tax-offices-have-been-slow-to-respond-to-a-tepid-real-estate-recovery-especially-in-modest-neighborhoods-1.1685223

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