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Susan McLaughlin - Monmouth County Real Estate

Property Tax Revaluations Ordered: Fair Haven Resists, Little Silver & Shrewsbury OK

Property taxesFair Haven, Little Silver and Shrewsbury Borough have been ordered by the Monmouth County Tax Board to conduct revaluations of property this year, said Stephen Walters, Tax Assessor for the three towns. The last revaluation was done in 2002.

A revaluation (rather than a reassessment) is ordered either when ten years has passed or when the ratio between Market Value and Assessed Value has dropped under 80 percent. Monmouth County Tax Board data show that Fair Haven's ratio is 77.02 percent, Little Silver is 77.40 percent and Shrewsbury's is 74.72 percent for 2011.

A revaluation does not mean a homeowner's taxes will go up. Generally, taxpayers of the most severely under assessed properties before a revaluation will pay a greater share of the tax burden after a revaluation. Likewise, taxpayers of overvalued properties will pay a smaller share of the town's taxes after the revaluation. Here's a link to the State of New Jersey's Division of Taxation official consumer brochure explaining the process. http://www.state.nj.us/treasury/taxation/pdf/lpt/revaluation.pdf

Fair Haven's former Mayor Michael Halfacre announced last fall that the borough's Council "determined it is not in the best interest of the taxpayers" to allow the revaluation. Officials in Shrewsbury and Little Silver decided to proceed with the revaluations, according to Walters.

"It's the dynamics. Some towns fight them off, others feel it's in best interest to make (tax burden distribution fair," Walters said. "No one will step up and say they like taxation, but there is some comfort level if people know there's a uniformity in assessments."

After the company that will be hired analyzes the data collected, property owners will get their opportunity to look at the results and correct any physical errors in the inspectors' findings, Walters said.

"Many times the meetings with owners is to confirm facts, such as how many bedrooms there are," he said. "If there is a question during the meeting, the firm will send someone to the property (to verify) and make a correction."

The specific assessment for a property is not addressed in those meetings, he said. Just the facts of the house's physical attributes is verified. An appeal for the $$ assessed would be addressed by filing a tax appeal in county tax court.

I urge homeowners to take an hour to visit Borough Hall when the opportunity is given to verify the accuracy of their home's information. We'll be tracking the progress of notifications for these towns and will keep you posted. In the meantime, if you would like more information or a copy of the State's informative brochures, just give me a call for same-day response.

Special home buyer incentives if you live and work in Red Bank, NJ

Live Where You Work  Red Bank homes for sale

A Message from Red Bank Mayor Pasquale Menna: If you are one of the 50,000 people working in Red Bank, then the "Live Where You Work" Program is a wonderful way for you to become a Red Bank homeowner. I welcome you to take advantage of this program so you can reduce your commuting expenses and enjoy free time experiencing what Red Bank has to offer.

What is Red Bank's "Live Where You Work" program? Live Where You Work - Red Bank is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in the Borough of Red Bank.

Mission: The homebuyer program builds strong communities and promotes sustainable land use by encouraging people to live close to their places of employment.

What are the benefits of Red Bank's "Live Where You Work" program?

  • Low-interest mortgages for homebuyers
  • Downpayment and closing cost assistance for the purchase of a home
  • More flexible underwriting criteria for the loan qualification process
  • Additional savings offered by local businesses in partnership with the Borough of Red Bank.

Maximum Income Limits for the Borough of Red Bank (Interest rates will vary depending on income)

Family Size

1-2 person household . . .$ 88,200

3+ person household . . . $ 101,430

Maximum Purchase Price Limits for the Borough of Red Bank

1 Family . . . . . . . . . . . . . $ 429,619

2 Family . . . . . . . . . . . . . $ 550,005

3 Family . . . . . . . . . . . . . $ 664,828

4 Family . . . . . . . . . . . . . $ 826,218

For complete information, how to apply and a list of my picks for the best deals in Red Bank, call me at 732-768-1068.

East of Broad Street Single Family: http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937341

West of Broad Street Single Family http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937344

Multi-Family - Borough Wide http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937348

With interest rates so low and with the help of a program like this, you can own your own home by starting with a call to me at 732-768-1068.

Free SAT prep & assessment from Kiwanis Club of Marlboro NJ

After the success of last year's free SAT assessments, the Kiwanis Club of Marlboro will offer a free SAT Assessment that will be held at the Marlboro Recreation Center, located at 1996 Recreation Way, Marlboro, NJ, on Saturday, March 3rd at 8:30 AM.

A Continental breakfast will be served and a Parent Workshop will be held at 9:00 AM. Call to pre-register at 732-536-1286 or online at www.supremetutoringnow.com

The four-hour mock exam will be administered by licensed and certified teachers and is a facsimile of an actual SAT test. While the students work diligently in a classroom setting that day, the parents will be invited next door to the Parents' Workshop where information on other state requirements such as N.J.A.S.K. and ACT tests will be discussed. Adam Newman, founder and president of Supreme Tutoring, will conduct the workshop and provide a detailed overview of the SAT testing process. He brings over 15 years' experience in the educational field.

Mr. Newman felt that partnering with the Kiwanis Club of Marlboro was a perfect choice for the SAT workshop. The Kiwanis Club of Marlboro www.marlborokiwanis.org is a local chapter of Kiwanis International, a global organization of volunteers dedicated to changing the world one child and one community at a time.

The workshop is intended to give the parents a better idea of how difficult and stressful the SAT process can be for their children. More importantly, the test results will give the students a rare opportunity to experience how they might score if they were to take the test today. The individual and confidential test results will be available from Supreme Tutoring within 7 business days. Following the testing, parents will receive a breakdown of their child's assessment as if it were a true SAT Individual evaluations of each student's test results will be available free of charge directly from Supreme Tutoring.
Space is limited and registration is required. For those interested in registering for the free S.A.T. Assessment, contact Supreme Tutoring at www.supremetutoringnow.com.

For more information about the SAT Assessment, call Supreme Tutoring at 732-536-1286, or visit them at 4241 Route 9 North, Freehold in the Central Jersey Pool Shopping Center.

To learn more about membership in the Kiwanis Club of Marlboro, call Carol Mazzola, President, at 908-670-8995.

If you work in Middletown NJ, You can get into a GREAT homebuyer program with downpayment help!

Live Where You Work  Red Bank homes for sale

If you are one of the 90,000 people working in Middletown Township, then the "Live Where You Work" Program is a wonderful way for you to become a Middletown homeowner. Take advantage of this program so you can reduce your commuting expenses and enjoy free time experiencing what our beautiful area has to offer.

What is Middletown's "Live Where You Work" program? Live Where You Work - Middletown is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in Middletown Township.

Mission: The homebuyer program builds strong communities and promotes sustainable land use by encouraging people to live close to their places of employment.

What are the benefits of Middletown's "Live Where You Work" program? Middletown ranch for sale

  • Low-interest mortgages for homebuyers
  • Downpayment and closing cost assistance for the purchase of a home
  • More flexible underwriting criteria for the loan qualification process
  • Additional savings offered by local businesses in partnership with the Township of Middletown

Maximum Income Limits for Middletown Twp (Interest rates will vary depending on income)

Family Size

Affordable Middletown homes1-2 person household . . .$ 88,200

3+ person household . . . $ 101,430

Maximum Purchase Price Limits for Middletown Twp

1 Family . . . . . . . . . . . . . $ 429,619

2 Family . . . . . . . . . . . . . $ 550,005

3 Family . . . . . . . . . . . . . $ 664,828

4 Family . . . . . . . . . . . . . $ 826,218

For complete information, how to apply and a list of my picks for the best deals in Middletown, call me at 732-768-1068.

Middletown Twp homes Under $250,000 http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937494

Middletown Twp homes from $250,000 to $350,000 http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937490

Middletown Twp homes from $350,000 to $450,000 http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937496

Multi-Family properties Township-wide http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937497

With interest rates so low and with the help of a program like this, you can own your own home by starting with a call to me at 732-768-1068

Special homebuyer incentives for people who work in Red Bank, NJ

Live Where You Work  Red Bank homes for sale

A Message from Red Bank Mayor Pasquale Menna: If you are one of the 50,000 people working in Red Bank, then the "Live Where You Work" Program is a wonderful way for you to become a Red Bank homeowner. I welcome you to take advantage of this program so you can reduce your commuting expenses and enjoy free time experiencing what Red Bank has to offer.

What is Red Bank's "Live Where You Work" program? Live Where You Work - Red Bank is a special homebuyer incentive program that provides low-interest mortgage loans to homebuyers who work in and who are looking to purchase a home in the Borough of Red Bank.

Mission: The homebuyer program builds strong communities and promotes sustainable land use by encouraging people to live close to their places of employment.

What are the benefits of Red Bank's "Live Where You Work" program?

  • Low-interest mortgages for homebuyers
  • Downpayment and closing cost assistance for the purchase of a home
  • More flexible underwriting criteria for the loan qualification process
  • Additional savings offered by local businesses in partnership with the Borough of Red Bank.

Maximum Income Limits for the Borough of Red Bank (Interest rates will vary depending on income)

Family Size

1-2 person household . . .$ 88,200

3+ person household . . . $ 101,430

Maximum Purchase Price Limits for the Borough of Red Bank

1 Family . . . . . . . . . . . . . $ 429,619

2 Family . . . . . . . . . . . . . $ 550,005

3 Family . . . . . . . . . . . . . $ 664,828

4 Family . . . . . . . . . . . . . $ 826,218

For complete information, how to apply and a list of my picks for the best deals in Red Bank, call me at 732-768-1068.

East of Broad Street Single Family: http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937341

West of Broad Street Single Family http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937344

Multi-Family - Borough Wide http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=7462937348

With interest rates so low and with the help of a program like this, you can own your own home by starting with a call to me at 732-768-1068.