.

Moorestown Reassessment 'Bears Fruit,' Official Says

Tax appeals are down 60 percent following the township's reassessment, according to the tax assessor.

Moorestown's reassessment has already "borne fruit," according to one township official.

Tax assessor Dennis DeKlerk said appeals have dropped about 60 percent from last year, when the township lost nearly $1.5 million in revenue due to tax appeals.

The township is now in the formal review period following reassessment. DeKlerk said only 148 properties have been appealed to the Burlington County Board of Taxation—out of 7,300 total properties in the township. The deadline to file an appeal was May 1.

"I'm very gratified," said DeKlerk.

The board of taxation is scheduled to begin hearing appeals on July 13, according to DeKlerk. 

Mayor Stacey Jordan was also pleased, suggesting the results of the reassessment "speak for themselves."

"People's assessments are now more in line with what the economy says they're worth," she added. "It was needed. Frankly, we should've done it a lot sooner."

Jordan said the drop in appeals, which is , will make planning for future budgets much more predictable. 

Of course, the reassessment wasn't all good news. The results showed —from $4.7 billion at the time of the last revaluation in 2008 to $3.9 billion today. 

(Click on the attached PDF to see the numbers in more detail.)

Property owners will receive tax bills reflecting their new assessments beginning in 2014. 

Krispy kreme June 12, 2013 at 03:22 AM
Speaking of results speaking for themselves, thanks to Gov Krispy Kreme, the Republican Freeholders and Mayor Jordan for lowering our home values, increasing spending and raising our taxes.
Sharon McManus June 12, 2013 at 11:00 AM
Krispy, I think the name you are looking for is 'Barack Obama'. Wasn't Democrat Truman the one who said "The buck stops here"? Hey Patch, I think their comment is a direct attack on someone's physical appearance. How does this not violate terms of service?
john June 12, 2013 at 12:33 PM
Lower values and jack up rates. The old okie doke.
Moorestown Voter June 12, 2013 at 04:21 PM
It's hard to believe that this reassessment was done accurately. Last week, the Patch was promoting a house for sale at $5.9 million. The 2012 evaluation had it at $2.67 million, although it was revised to $3.35 million with the reval. Either that house is very overpriced, or the tax assessments are very kind. Even Zillow estimates $4.9 million as a selling price. That's a gap of $1.6 million!
Handyman June 12, 2013 at 09:15 PM
All right lets get real. The Democrats in office for town council put us in this reaass pizazz. They did it at the wrong time when the home values were going down. The current council is trying to repair this mess. According to the tax assessor it's seems to be working. We are all trying to climb out of this recession, but no light on the end of the tunnel on that.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »