Realty Appraisal Company has won the bid to conduct a city-wide property revaluation. By a vote of 3-0, the city council last week awarded the contract to the company for an amount not to exceed $265,000. Mayor Ed Johson and Councilman Kevin Sanders were not present for the vote during the council meeting Wednesday, March […]

A property tax revaluation will be performed this year, to be completed in time for the 2014 tax season, city manager Terence Reidy said at the Jan. 16 council meeting. Municipalities undergo revaluations approximately every decade to ensure that the assessment of properties for tax purposes aligns with actual property values. The revaluation does not […]

The city is gearing up for a property revaluation now that up-to-date tax maps have been completed. New property assessments to calculate tax bills will likely be in effect by January 2014. “We’re now ready to start the revaluation process,” said city manager Terence Reidy [shown above]. “It’s been a long time coming and I’m […]

With the new year, comes the annual assessment of a portion of city properties. Done on a five-year cyclical basis, the 2017 focus will be on properties located west of Memorial Drive, officials said in written statement. The upcoming inspections are not property assessments but information gathered will be used to determine up to date […]

Next week property owners in the northeast corner of Asbury Park will receive inspection notices. The notices are part of a new policy to conduct property inspections in different sections of the city once every five years as opposed to waiting for the more costly and less accurate city-wide revaluations, and their associated inspections, that […]

A long overdue tax revaluation has shifted the values of properties across the city. As required by law, all properties within municipalities across the country are assessed to reflect their true market value. The last revaluation in Asbury Park was completed over 10 years ago. Property values throughout Asbury Park increased during that period. However, […]

Property owners in Asbury Park who would like to contest the value of their recent home assessments can do so until Jan 15. This year, city residents experienced their first city-wide revaluation of properties in about a decade. All of the values of individual properties have changed because of the revaluation. In the past, revaluations […]

Asbury Park residents who may be confused about the city’s recent tax assessment card mailing and new evaluation process are being encouraged to attend the workshop session of tonight’s City Council meeting. Eric Aguilar, the city’s tax assessor [shown above], will give a presentation during the workshop session that outlines the city’s recent tax assessment […]

An innovative system of property tax assessment intended to prevent major spikes in individual homeowner’s taxes when properties are revalued is headed to Asbury Park and all other Monmouth County municipalities. “It costs the city $265,000 every five to seven years for revaluation on the current plan,” said Asbury Park tax assessor Eric Aguilar [above] […]

Editor, the Asbury Park Sun: In 1985, I bought a home in Asbury Park for two reasons: Asbury Park was a city I had enjoyed and one of the most affordable real estate markets in Monmouth County. I made a modest salary that through the years certainly did not grow exponentially with the cost of […]