At the end of the Monday, October 29, Township Council regular meeting, residents Bob Hunter and Walter LeVine both asked questions about a letter that was sent last week to Livingston property owners. The letter announced that township properties will be inspected over the next few months, the first step in the revaluation process. Livingston must revalue all real estate for the 2020 tax year, according to the Essex County Board of Taxation. The last revaluation took place in 2007.
The revaluation process is revenue neutral; if the assessed value of the property increases in the revaluation, the tax rate would drop as a result. The total amount for tax allowed to be raised annually remains capped at two percent, as always.
To read more please log in or subscribe to the digital edition http://www.etypeservices.com/West%20Essex%20TribuneID480/
...
