Wednesday, March 20, 2013
The Little Silver Borough Council introduced a tentative budget for 2013 that will raise about $6.6 million through property taxes.
Little Silver introduced its municipal budget for 2013 and while there are a lot of variables -- like tax rates and the borough's current revaluation -- to consider, the bottom line is that tax bills should increase about $150 annually for the owner of the average-assessed $500,000 home in town. The borough will raise about $6.6 million of the approximately $12 million general budget through property taxes and another $5.45 million through anticipated revenue other than property taxes, according to Laura Geraghty, Little Silver's chief financial officer, at the March 18 council meeting. Councilman Don Galante explained that the $150 increase would include the entire tax bill -- including local and regional schools, county and open space…
Wednesday, January 30, 2013
More than 75 residents turned out for Monday's council meeting to voice their concerns over financial ramifications of the borough's revaluation.
The timing of Little Silver's revaluation, mandated a year ago by the county and state, couldn't have been worse. Not only were the town-wide reappraisals coming on the tail end of a housing slump and a decade after the last revaluation, but the benchmark date used to evaluate properties was set at Oct. 1, just a month before Hurricane Sandy came and changed everything. "There's no precedence for this," Mayor Robert C. Neff, Jr. told the approximately 75 residents gathered to show their opposition to property appraisals received last month. The borough hired Realty Appraisal Company to perform a revaluation of all property in the borough after Little Silver was ordered by the Monmouth County Board of Taxation to establish current market …
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Borough of Little Silver Municipal Building
480 Prospect Ave, Little Silver, NJ
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Tuesday, January 29, 2013
Mayor Robert C. Neff, Jr. told a large audience gathered at Monday's council meeting, "This is a train that left the station more than a year ago."
Little Silver Mayor Robert C. Neff, Jr. told a crowd of about 100 residents gathered at Monday night's Borough Council meeting that the borough was unable to stop the borough-wide revaluation of all properties. "It's not in the borough's power to put it on hold," he said of the state and county mandate that Little Silver revaluate all properties. "This is a train that left the station more than a year ago." Most of the residents who spoke during the almost three-hour meeting identified themselves as owning waterfront property in Little Silver and were opposed to the revaluation. Neff, who's been out of his own home for three months after it flooded during the storm, added, "We feel your pain, we know what you're dealing with." Don't miss …
40.33923
-74.042213
Borough of Little Silver Municipal Building
480 Prospect Ave, Little Silver, NJ
/articles/mayor-little-silver-can-t-undo-borough-revaluation-video
1212319
/locations/8702071
Dentss Dunnagun
9:12 am on Thursday, March 21, 2013
I'm a little confused here...the budget increased by 2 million from 2011/12 budget of 10.1 million that's a 20% increase to 12 million in 2012/13 budget ....explain more ›