--- In [email protected], "wernerapnj" <[EMAIL PROTECTED]>
wrote:
>
> It was commented in a prior post that there have been no new
ratables created by the
> redevelopment. Not entirely accurate.
> There have been no new ratables created that can be attributed to
the work of Asbury
> Partners or their sub-developers.
> All the buildings east of Ocean Ave are now ratables, new to the
tax rolls but not NEW
> buildings. That is a direct result of the City selling Public
Assets.
Yes, I will be more precise when I speak to you. I intended to mean
no new ratables created via development by the WRA.
> The question that should come to mind is - Are the assesments
appropriate? Too low, Too
> high ?
> For example, ConHall comes in at about $4.5 Million, the southern
most Pavilion comes in
> at about $1 Million.
>
> Discussion?
I am more concerned with the assessments on the land to be developed
since the value of the improved properties in their current state
are difficult to ascertain. The assessments on the developments
parcels are very low in comparison to the value demonstrated by say
the sale to Metro. The assessor was trying to be reasonable and
could have increased the assessments much more. With regard to your
remark that there will be no tax refunds - a reduction in contested
assessments only means one thing, a refund. However, the parties can
agree to apply it to future year's taxes, but at the end of the day,
if the assessments are reduced, it comes out of today's cash or
tomorrow's.
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/AsburyPark/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/AsburyPark/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:[EMAIL PROTECTED]
mailto:[EMAIL PROTECTED]
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
