Montclair officials taking steps to reassess local property values
The revaluation of local properties was number one on the agenda at the Montclair City Council meeting Tuesday.
Montclair and several other towns are taking steps to reassess local property values. It has been 15 years since the homes in the town of Monclair have been revalued for property tax purposes, and many prices have skyrocketed.
David Herron of the NAACP believes the revaluations in the area are long overdue. According to a recent Star-Ledger analysis some minority property owners have been paying more in taxes. Councilor-At-Large for Montclair Joyce Michaelson affirms revaluation is a priority but adds race has never and will never be a factor.
The town's tax assessor says the revaluation process should be completed by 2007.