Fred, ya know, the Camp Meeting owns the beach, so our taxes won’t go up much. Right? (artist Sue Gioulis)
Hi Paul:
Blogfinger is my daily “go to” for OG news – your eclectic offerings from medicine to locally relevant topics, written with a dash of well planned humor never fail to entertain as well as educate.
Recently our new tax assessment arrived in the mail, and while I was expecting it to rise, an increase of $80,000 was surprising. This will mean an approx 30 percent tax increase. Since moving to OG in1999, our taxes have almost tripled!
I was “just wonderin” if you have had any other inquiries on this topic from other OGers.
I have a feeling there will be many unhappy homeowners this Holiday season.
Thanks for all you do – keep up the good work.
Happy Thanksgiving!
Marty Ginty
Editor’s note: Please read the comments below, and then the conversation continues on Nov. 24 with a post called “Taxes and Appraisals, and online conversation with Bernard Haney, the Neptune tax assessor. (scroll up to find it)
Let’s start the conversation here .. The Township’s ratable base will increase about 25% which will have a positive effect on the tax rate, but what that effect will be can not be determined until at least July, 2015 when budgets are completed and a rate is struck. If these assessments were in place in 2014 the tax rate would have been 25% less. So for discussion only .. a 25% increase in assessment is (plus or minus) a few hundred dollars the same tax bill for 2015.
EDITOR’S NOTE: We are moving this conversation to a blank slate here starting with our questions to Mr. Haney and then beginning with his comment above as our readers are being offered the chance to ask their questions to him. Go to the tax post dated November 24 to see what went on just before this post. Just scroll up.—Paul
In an effort to educate our readers further on this subject, we have approached Bernard Haney, tax assessor for Neptune Township, with some questions. He will get back to us on this. —PG
We purchased in March of 2013 and were appraised at 468,300 , the new assessment 667,700, a 200,000 increase. Yes we are on the first beach block but this is a small beach cottage. I never in my wildest dreams thought I would have to put a For Rent sign in my front yard just to aid in my tax bill.
I feel bad for the senior population in Ocean Grove.
Our house appraised value went up 13% since 10 years ago, but since we bought it in 2002, the taxes have more than tripled. For retirees, a significant tax increase can mean the difference between staying and going, but that is always the consideration for those living on fixed incomes, especially when interest rates on CD’s and other relatively safe investment vehicles are very low.
My house, which is in the third block from the beach — a house in very good shape on a great block — increased 11.8% in value or $50K in my new appraisal. Interestingly, Zillow says my house is now worth $95K more than the newly appraised price. The appraised price is $87K less than I paid for the house when I bought it in 2011.
Maybe I got off lucky.
We recently received our new appraisals, they were a 33% increase on our commercial units on Main Ave, a 22% increase on our house. I’ve heard some houses by the ocean are increasing by 50%. if the tax rate is lowered by 20% it still means most Ocean Grove properties will see an increase.
Most properties have been appraised higher because the goal is to reach 100% valuation throughout Monmouth County. An increase does not necessarily mean a rise in taxes. The budgets for town, schools and county will be factored in when they are available. —-Paul @Blogfinger