Medford to reassess homes

Medford to reassess homes

There are 6 comments on the CourierPostOnline story from Feb 27, 2010, titled Medford to reassess homes. In it, CourierPostOnline reports that:

Tax bills in Medford could drastically change this year with the township's first revaluation in more than two decades.

Join the discussion below, or Read more at CourierPostOnline.

CrazyState

Jenkintown, PA

#1 Mar 18, 2010
Why would tax bills change ? The budget is still the budget. Reassessing home values does not equate to a wind fall of tax money for the township. Example: let's say your house was assessed at $250,000 and you were paying $4.00 per $100 of value. If they reassess your home for $500,000 that means you now pay $2.00 per $100 of value. Again, the budget is still the budget.

maddog2008

Since: Sep 08

Albion, NY

#3 Mar 20, 2010
CrazyState wrote:
Why would tax bills change ? The budget is still the budget. Reassessing home values does not equate to a wind fall of tax money for the township. Example: let's say your house was assessed at $250,000 and you were paying $4.00 per $100 of value. If they reassess your home for $500,000 that means you now pay $2.00 per $100 of value. Again, the budget is still the budget.
That is not the way it works,$250,000=$4.00--$500,000 =$8.00 on the same house if you take the differance in the assessment for the property as the house has doubled in value.As soon as any goverment(town,state,federal) gets more money they have a history of spending it on programs that are not wanted or needed by anyone.
Under Pressure

Somerdale, NJ

#4 Mar 20, 2010
QUICK! Someone help me find a way to hide that new barn I built(without permits) not to mention the home addition! OMG....I'M FU***d!
Maybe I'll just make sure I'm in Hawaii for the next year or two.
That sounds good. SORRY,NOBODYS HOME,GO AWAY!
Previous Medford resident

Mount Laurel, NJ

#5 Oct 10, 2010
What a Joke!
Hector Rodisq

Chatham, NJ

#6 Oct 13, 2010
Then, I will appeal as my home worth less than what its valued now, If all resudents appeal big loss for Medford. How dare they consider this im this Obama Recession.
Marlton Resident

Pittsburgh, PA

#7 Oct 15, 2010
It's about time you pay more, just like everybody else in this state. Mayor Randy Brown in Marlton has done nothing to ease the tax burden for us in Marlton and he allowed tax increases during the height of the recession. I'm just glad we have four high school principles at Cherokee being paid over $100,000 each. Wasted Money I say. Good to see Medford paying more too. It's about time.

And Hector, we are not in an "Obama Recession". Don't get me wrong, he's an aweful President and should be voted out next election. This recession was actually created/started before Obama was sworn in, but it's fun to blame him anyway. Christie for President 2012.

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