The Assessment System is broken causing Billions of property taxes dollars ($1,000,000,000+) to be paid by the wrong people. In the current system, "Chapter 123" legally creates a 30% range of acceptable inaccuracy that protects the municipalities and causes over and under payments from taxpayers for long periods of time. Another problem is the non-compliance / enforcement of current laws and guidelines to force municipalities in performing revaluations to bring properties to Market Value.
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Gloucester County Assessor's Pilot Program
P.L.2009, c. 118, signed into law on October 1, 2009 and effective immediately, establishes a pilot program in Gloucester County for the transfer of the municipal property assessment function to a county assessor. This act requires the appointment of a county assessor over a three-year period. In addition, transfer of the assessment function requires the revaluation of all municipalities within the county to ensure uniformity of assessment throughout the county-wide assessment district.
The act requires the “Local Unit Alignment, Reorganization, and Consolidation Commission” to study this pilot program and, in consultation with the Director of the Division of Taxation, issue a report no later than February 1 of the sixth year of the pilot program.
All current or pending assessment and abatement programs and agreements under the “Long Term Tax Exemption Law” P.L.1991, c.431 (N.J.S.A. 40A:20-1 et seq.), and the “Five-Year Exemption and Abatement Law”, P.L.1991, c.441 (N.J.S.A. 40A:21-1 et seq.), remain in effect in the pilot county.
Gloucester County Assessor's Pilot Program
Source: Glouster County Tax Board Website
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