Tuesday, November 22, 2016

Lakewood residents get reassessment letters Property Taxes shoot up

Lakewood homeowners received their new tax bill following the reassessment and shockingly but not surprisingly Taxes have gone up a significant amount. Homes were assessed to reflect current market values in many cases of inflated home prices. To soften the blow township officials claim they may lower the tax rate to even things out, buy that has not happened in a while. BOE taxes and Fire district taxes went up this year too. The Fire dept is asking for another increase next month. The big question continues to be asked WHER IS ALL THE MONEY GOING???? So many new homes built bringing in new ratables why is there not enough money?

17 comments:

  1. What is being mailed out is not a tax bill. It is a letter to inform property owner's of their new proposed assessment for 2017. Whatever the effect maybe on indiviual tax bills will not take effect until the 2017 budgets are done and a new tax rate is struck based upon what the new ratable base will be for 2017. Any effect on taxes paid won't take effect until the 3rd quarter payment of 2017 (8/1/17). Whatever you are currently billed for the 1st and 2nd quarter of 2017 is what you will still owe when those payments are due. Any underpayment or over payment will be adjusted in the 3rd & 4th quarter payments of 2017. If property owners wish to review their new proposed assessment with the company that is performing the re-assessment they can call the number in the second to last paragraph of the letter that is being mailed out (the mailing of the letters started last week and will continue through next week) to schedule a meeting with them at town hall. As a result of this township wide reassessment some property owner's will see their taxes rise, some will stay about the same and some will go down.

    Ed Seeger Jr., CTA
    Lakewood Twp. Tax Assessor

    ReplyDelete
    Replies
    1. Not sure what the point of the tax assessor is. the cap of 2% on taxes is for the tax rate, the fact that peoples homes are being assessed much higher will allow the Township to raise taxes 10% or more.

      Of course Menashe Miller will gladly proclaim that they haven't raised the rate even as people see their tax bill skyrocket.

      I would love to know whose taxers are going down, maybe there is a home for sale in that neighborhood.

      Delete
  2. Contrary to what you may think Houses don't generate enough taxes to cover occupants (alot money goes to state etc.etc.) a big part of a balanced towns budget comes from commercial and industrial which gets taxed but costs little to the town so its a gain. Lakewood has been building a huge number of residential houses which are budget losers and not nearly enough commercial and industrial to keep up.
    they have taken land zoned for commercial and turned it int residential as well.
    they have also taken commercial which existed and were gainers for the town and turned it into schools this and some other factors all lead to higher taxes.
    If things continue like this taxes will inevitably continue to Rise!!!!
    To illustrate the district pays for busing. the tax rate for lakewoods district i 1.449 which is about half the total tax rate of
    2.93 which is broken down like this
    county tax=0.466
    county library=.050
    county health tax=0.018
    county open space =0.016
    district school tax 1.449
    local municipal Tax0.861
    fire dist 1 =0.070
    so if you pay 10,000 a year taxes roughly 5000 goes to the district if you have 6 kids getting transportation at 884 per child you have used up all the district money just on transportation thats before the district can pay for the actual public schools this just illustrates how houses are net losers large families(really all towns need other income because in other towns although families are smaller they send to public school which is a huge expense ) and towns need other forms of income ie commercial industrial etc etc to keep taxes down if they dont have that taxes will continuously climb.......

    ReplyDelete
    Replies
    1. so you're saying the boe basically breaks even and the municipality makes a fortune on every house built.
      all the district money just on bussing? that's the only expense if the family sends to non-public. unless the family has a SCHI kid (which is a whole other story).

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    2. Dont forget 5% of municipal taxes go to trash pickup for non profit orgs plus courtesy busing for public school children. Add regular trash pickup and snow plowing leaf pickup additional police per unit ect. not much of a net gain per unit.

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  3. Our taxes are going to Blue Claws stadium the Firs Energy park, the annual maintenance is at least 25,000.00

    The rest goes to CHEMED LCSC LRRS and the salaries of the many therapists.

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  4. This is just a taste of what is going to happen when cedarbridge will be turned into residential housing units

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    Replies
    1. 2000 units expected to go up in a few years. It will flood the market and bring down the prices. Otherwise young couples will not move to lakewood.

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    2. Which will further place the town in the red and make the busing situation only worse. Lame excuse relatively cheap housing can be had in Jackson. Additionally the same result could have been had with all the current developments instead they decided to market them to Brooklyn and Monsey. Why will this one be any different. Also it has nothing to do with affordable housing do the numbers 20k profit per unit X's 2,000 = 40 million.

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    3. and the commercial properties at cedarbridge asked for a PILOT so very little taxes coming from them.

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    4. A 30 year PILOT for commercial properties in Cedarbridge corporate park. Not only did the township give the land but now they are paying very little in taxes per the PILOT.

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    5. LTC got a 25 million grant to bring jobs to lakewood they are building new offices in cedarbridge. Why should they pay more on taxes if taxes paid for it.

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  5. District Is paying and educating hundreds who don't live locally. They come from nearby districts to school.

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  6. SCHI and industrial park buildings being converted to schools.

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  7. Thank you Anon for writing this
    "Contrary to what you may think Houses don't generate enough taxes to cover occupants (alot money goes to state etc.etc.) a big part of a balanced towns budget comes from commercial and industrial which gets taxed but costs little to the town so its a gain. Lakewood has been building a huge number of residential houses which are budget losers and not nearly enough commercial and industrial to keep up.
    they have taken land zoned for commercial and turned it int residential as well.
    they have also taken commercial which existed and were gainers for the town and turned it into schools this and some other factors all lead to higher taxes.
    If things continue like this taxes will inevitably continue to Rise!!!!
    To illustrate the district pays for busing. the tax rate for lakewoods district i 1.449 which is about half the total tax rate of
    2.93 which is broken down like this
    county tax=0.466
    county library=.050
    county health tax=0.018
    county open space =0.016
    district school tax 1.449
    local municipal Tax0.861
    fire dist 1 =0.070
    so if you pay 10,000 a year taxes roughly 5000 goes to the district if you have 6 kids getting transportation at 884 per child you have used up all the district money just on transportation thats before the district can pay for the actual public schools this just illustrates how houses are net losers large families(really all towns need other income because in other towns although families are smaller they send to public school which is a huge expense ) and towns need other forms of income ie commercial industrial etc etc to keep taxes down if they dont have that taxes will continuously climb......."

    Can I get this printed on banners and t shirts? This needs to be told to every taxpayer in Lakewood. This needs to be read aloud as we take Menashe Miller and Meir Lichtenstein and send them packing. They will continue to try and pull the wool over our eyes if we don't get them out of office now.

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  8. Township is sitting on 18 million plus in surplus (that's where the extra bussing money came from).
    They continue to play games without worrying about ppl drowning In bills

    ReplyDelete