>Ridgewood’s residential assessment shows a slight decrease
Monday February 27, 2012, 10:01 AM
BY JOSEPH CRAMER
STAFF WRITER
The Ridgewood News
Ridgewood’s residential assessment for the new year shows a slight decrease in assessed values for village properties, accompanying a widening gap between assessed and market values for homes.
Village assessment officials recently completed their annual mailing of property assessment notices to residents and compiled village-wide statistics for 2012. The average residential assessment for the new year is $794,531, representing a slight decline of around a third of a percent from last year’s figure. The average estimated market value for a village residence dropped around $13,000 to $760,826.
