Property Taxes in the year of the Revaluation

property taxes

The average resident of Maplewood will not see an increase in his tax rate from 2010 to 2011.  Of course the revaluation will still cause many homeowners headaches with higher payments due to their new assessment.  But the town decided to at least come in below the cap of a 2% yearly increase with a 0% increase.

Elected officials felt that with the ‘perfect storm’ of a lousy economy and the revaluation which has seemed to place a bigger burden on the least affluent parts of Maplewood, that a rising rate would be too much.  This reval was a partial reversal of 2000 which saw a big increase for the wealthier sections of town.

Part of the reason the town was able to accomplish this was because of a slight growth in commercial rate-ables as compared to the residential share of the tax load.

http://maplewood.patch.com/articles/maplewood-passes-budget-with-zero-percent-tax-increase

Advertisements

0 Responses to “Property Taxes in the year of the Revaluation”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s





%d bloggers like this: