Council seeks to terminate “rolling reassessment” in Hoboken
Zimmer misled council members, no transparency…
Hoboken City Council members Beth Mason, Theresa Castellano, Michael Russo and Tim Occhipinti called on “mayor” Zimmer today to cancel the City of Hoboken’s rolling reassessment program. The proposed rolling reassessment program would require the City of Hoboken to reevaluate properties on an annual basis. In addition, the program would require Hoboken properties be reevaluated according to market trends and values.
“Zimmer’s rolling reassessment program will not reduce our city’s tax burden,” said Councilwoman Mason. “This will lead to yet another tax increase for Hoboken residents. We should immediately terminate the contract of the firm the Mayor supported to conduct the rolling revaluation program.”
Earlier this year, Zimmer sought and received state approval to establish the rolling reassessment program before consulting the City Council. Her administration submitted a resolution to hire the same company that conducted the 2013 property tax revaluation, but the resolution failed to specify that it was for a new rolling reassessment program.
As a result of the rolling reassessment program, if properties are sold over market value or when building permits are taken out by a homeowner to make an improvement the Zimmer Administration will be able to increase property taxes on a continual basis.
“As usual, Zimmer kept the independent thinkers on the City Council in the dark. Zimmer’s record on taxes is one that she should find very embarrassing. She promised to cut property taxes by 25% within 90 days of taking office and failed to do so, she blew a $25 million surplus on patronage and wasteful spending, and then her allies on the Hoboken Board of Education voted to take away the public’s right to vote on the school budget. I guess this is the latest chapter in her terrible track record,” said Councilwoman Theresa Castellano.
“We were elected to put the best interest of our constituents first, and I cannot support a program that runs the risk of increasing taxes on our residents,” said Councilman Russo. “I am committed to working with my colleagues to cut wasteful spending and provide much-needed tax relief for our families. She continues to point out that the County overtaxes residents, and it appears that her solution is to join the party and overtax residents at the municipal level as well. It is absolutely absurd.”
“Zimmer was the poster child for Governor Christie’s two-percent property taxes cap. However, patronage hires, skyrocketing legal costs, and fiscal mismanagement have rendered her unable to live within that two-percent cap. Instead, the Mayor is using this rolling revaluation as a way to circumvent the very property tax cap that she traveled the state to support. Evidently when her opinion of Governor Christie changed, so did her support for the two-percent cap,” Councilman Occhipinti said.
At the December 2nd City Council meeting Council members Mason, Castellano, Russo, and Occhipinti will introduce a resolution to terminate the professional services contract of the firm hired to conduct the rolling revaluation program. To date, the revaluation program has cost Hoboken taxpayers $680,000 and will top over $1 million in the next four years.
Property Taxes and Values – a sticky situation in Hoboken
A bunch of people asked me about this last week, as a lot of residents are scrambling to get a handle on their property taxes, the whole “assessment” process the city is fiddling with and more.
Is there anything “fair” about property tax assessment in Hoboken?
But I’d like to remind people – that rather than arguing over how much YOU pay – I think there are more disturbing issues to tackle, like determining a truly FAIR way to subsidize such an ineffective “corporation” called the City of Hoboken.
- For one, as we cited an example earlier this year, a family of four living in a $350k condo pays a lot less than a single individual living in a $950k condo – yet uses significantly more of the city resources. That single fact alone makes their method of calculating the “contributions” a property-owning resident should make completely INVALID. Perpetually punishing someone because of what they can afford is just not sustainable. This is a lot different than a “sales tax.” When people start putting their heads together to crack this nut, then it makes sense to further the discussion.
- Additionally, now the city wants to blow through hundreds of thousands of dollars to ANNUALLY INSPECT the properties! What kind of INVASION OF PRIVACY is that? Do you want that much government intrusion? It’s off-the-charts ridiculous, and I can sense another “revolt” amongst the residents brewing.
What sucks beyond belief – is the fact that all of you think you “own” your property. You don’t. You’re “renting” from the city.
When election time rolls around again, maybe there will be an intelligent candidate who will deliver a significantly smaller government and way to generate revenue that doesn’t OVER TAX the residents into poverty.
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