Sunday, November 27, 2016

Lakewood township reassessment for 2017 information on Tax impact

Proposed value of all properties in Lakewood for 2017 $9,659,250,00
went up 3 billion dollars from the current $6,451,459,200
Detail on the new tax rates:
HERE 

Search HERE - lists 15,000 of the 25,000 properties in LKWD and how much they were assessed at. 

They provided a worksheet where you can calculate new tax, HERE 

Basically, the old rate was 2.93. Since Lakewood properties overall went up by 50%, if your value went up by more than 50% you have and increase and less than 50% you have a decrease. Approx new rate will be 1.957 subject to change based on 2017 budget. In the excel – enter old and new values into the first 2 yellow cells and the rest calculates automatic.

Submitted via comment.

25 comments:

  1. http://yudelstake.blogspot.com/

    Lakewood's new assessment is on target- FIGHT THE LOWER THE TAX RATE !!! [by 40%] Time is of the essence Address the Township Committee public meetings NOW!!
    They must lower the tax rate by 40%

    No more money for Mizrachi Fire Dept.
    (Make a recall to oust Mizrachi.?)

    No more money for Board of Ed.

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  2. That's all fine if they don't raise the budget, but the fear is that they will raise the budget with more than 2%, with the excuse that the tax rate anyway went down.
    We have to make sure that the BOE doesn't take advantage of it.
    Now I am not an attorney and i dont know, maybe someone can verify it, is the state cap on increase is on the budget or on the tax increase? If its on the budget than its fine, but if its on the tax rate than we are all in TZORAS.

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  3. They needed to reassess all properties at a higher rate and now they can slowly raise the rate each year. Our taxes have on average quadrupled since menashe and meir have controlled the committee. The reckless allowance of more housing development over commercial/industrial to pay for new housing has cost us millions. The allowance of homes with basements has further added to the tax burden as no new apartment buildings were built over these years.
    The bleeding needs to stop. Stop blaming specific departments of our government. The big picture here is a rapid expansion that cannot be paid for by the taxpayer. All the other costs,fire,boe,garbage etc. Were only cause BECAUSE of the overbuilding .we need to stop it now.

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    Replies
    1. not really. it's much better to stick to facts so you don't sound ignorant and deligitamize the entire movement. the tax increases are almost entirely due to the boe - specifically the black hole that is the public school system. it is not related to the expansion - that is the cause of the other big probelm, i.e. overpopulation and traffic. the municipal budget - which includes fire and garbage - has not gone up over the past three years at all, and very minimally in the decade-plus menashe and meir have been in office. fire has gone up significantly since mizrachi became commissioner, but it is still a very small parto f the overall tax bill.

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    2. They are keeping it artificially low but not investing at all in infrastructure (Parks, Roads, ect.) and selling off township land like it is going out of style. At some point these investments will have to be made and we will be left with a large increase.

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  4. If you would like a copy of your property record card (PRC) which contains the information used to determine your proposed assessment, please email lakewood@asinj.com with the subject line "PRC request".

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  5. Not following your math. The new rate is 67% of the old rate. If you house went up by less than 50 (40% Like mine) but you only got a 33% reduction in tax rate, your taxes still go up!!!!

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    Replies
    1. http://www.asinj.com/revaluation/docs/taximpact/331/Lakewood%202017%20Revaluation%20Tax%20Impact.pdf

      Take the old rate of 2.930 divided by 150% (the new amounts of assessments vs old assessments) and you get 1.957.

      If your house was 100K and you paid 2.93 or $2,930, now it's $150,000 and you pay 1.957 or $2,930.

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  6. Why are they hiding the tax rate?
    According to the numbers of new ratables the rate should go down by one third in the 1.9 range. but they want to raise taxes so the committee is keeping mum.

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  7. This is typical paractice they did it previously and will most probably do it again. Hide the new rate add more spending to the budget and then tell us how you lowered the rate.
    Throw the bums out its time for a Tax revolt!!
    NO reason Lakewood is paying more in taxes than all surrounding towns and we have soo much more construction and less kids in pubic schools.

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    Replies
    1. howell tax rate is 2.070. toms river is 1.915. jackson is 2.183. brick is 2.075.

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  8. Forest Park, and other affordable housing developments are paying very low in property taxes under 2K per home compared to the rest of lakewood. They are using the same services which does not pay for itself.

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  9. The file is not downloadable. Can you release it?

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    Replies
    1. The first link sends you to the official site which has a downloadable excel.

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  10. why is not all the houses listed in the excel sheet, I cant find the whole 14 st area

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    Replies
    1. Only 15,000 of the 25,000 properties in Lakewood are listed. I assume in the coming week more will be listed. Check the first link above where they will update the spreadsheet (currently only updated through 11/23/16)

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  11. If I believe the township over-assessed my home, should I deal with the township directly or hire someone?
    Please help.
    Thank you.

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    Replies
    1. Keep in mind, if the assessment if 50% or lower than old assessment (ie from 400K to 600K or from 500K to 750K) then your taxes stay the same.

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  12. I found it rather interesting that some houses got a sizable decrease in their square footage of available living space when compared to their last assessment. Somehow they seem to have shrunk quite a lot on the tax books. But we know that no one chopped away part of the house.. Could it be that the Township's hired tax-assessing company sent out some incompetent folks?.. or could it be something else??

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    Replies
    1. look up the owner of the property it should be quite easy to see.

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    2. We looked up the property. The previous assessment of square footage was correct. The new information submitted for this assessment shrinks the house significantly and is 100% wrong. The house did not get any smaller. It's hard to believe that this township-hired company wouldn't catch something this glaring.

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    3. who owns the property?

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  13. I think it was incompetence the one who came to my house did not seem to be the brightest bulb out there. However their software or the township should auto flag if a house is showing less square footage it just doesnt make sense.

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  14. Would love to see of somehow certain individuals got a lower assessment than previous year.

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    Replies
    1. MM home went up 73K from 802 to 875

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