The return of COVID-19 is not the only thing to worry Toms River residents this fall. The Mo Hill Team has more bad news for Toms River residents, property tax reassessment is coming this fall.
TOMS RIVER, NJ – Toms River Tax Administration Chelsea Skuby and Mayor Maurice Hill have announced that Toms River residents are not paying enough in property taxes and have ordered a property value reevaluation for the township. According to Hill’s administration feels assessed property values across the town are about 21% lower than what they should be. So, this fall, Mayor Hill will send out a team of tax assessors to inspect and visit all 38,000 residential properties in town to make sure everyone is paying their fair share.
The move comes after a series of unfortunate events that began with the election victory of Mo Hill that led to a 6% tax municipal tax increase in 2020 alone, with an even bigger rise expected in 2021, before the reevaluation.
Mayor Mo Hill said he feels residents are underpaying on their taxes and property assessments are 79% of what they should be township wide, according to a story today in the Asbury Park Press.
According to that article, with the real estate boom in Toms River fueled by the expansion of the Orthodox Jewish community in town, it’s a perfect time to reassess while property values are high.
The last time the township reassessed property values was in 1993, which led to a 45% rise in property assessments for the Greenbriar Woodlands adult community.
Hill is under fire to find new revenue for the township which has included selling off township land to developers. Hill is hoping to finalize a deal by the township to purchase the $9,000,000 ocean front lot of the former Joey Harrison’s Surf Club. Hill sees that purchase as a political victory to change the narrative of his first year in office from political corruption and rising taxes to the township preserving beachfront property for the homeowners of Ortley Beach.