New Hopatcong Home Assessments Take Effect in August
Hopatcong residents can discuss new property values with company reps after first revaluation in five years.
Hopatcong residents have been mailed notices of their new property value assessments, which take effect in August, borough Administrator Robert Elia said. Hopatcong Council voted last year to conduct a full revaluation of all properties in the borough. While a revaluation was done in 2007, the soft housing market since 2008 created a situation where assessed values of properties are not aligned with the market value, resulting in a sharp increase in tax appeals. Records show that Hopatcong's total assessed property value fell from $2.037 billion in 2011 to $1.996 billion in 2012. The borough has 360 tax appeals pending, tax assessor Therese DePierro reported last year. The owner of a home assessed at the borough average of $313,894 paid $6…
The Watcher
11:37 am on Tuesday, February 19, 2013
@Concerned taxes are already going up 2% for the schools the 4% mandate has many loopholes that can (and will) raise taxes even more. Why are we hiring full time people and paying benefits when most other companies are hiring two part timers with no benefits? Can we afford this right now? At least one of the people getting hired full time already has family working for the town. We are still … more ›