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Township Revaluation Presentations Begin This Week

The first of several public presentations to discuss Lawrence Township’s upcoming township-wide property revaluation process will be held at 7 p.m. this Thursday, Jan. 24, at Lawrence High School.

The first of five scheduled public presentations to discuss Lawrence Township’s upcoming township-wide property revaluation process will be held by township officials at 7 p.m. this Thursday, Jan. 24, in the Commons of Lawrence High School on Princeton Pike.

The goal of the meetings is to explain the revaluation – which the township has been ordered to do by the Mercer County Board of Taxation – and to answer questions township residents have.

Last September, to Professional Property Appraisers, a Delran-based company that submitted the lowest of five bids the township received for the revaluation work.

At that time, Township Manager Richard Krawczun explained that “the last revaluation conducted in Lawrence Township was 1993, with implementation in tax year 1994. Municipalities are required to have their assessed values equal 100 percent of market value. For year 2012 we are just shy of 50 percent – we are at 49 percent.

“In addition,” he continued then, “the [county board of taxation] will look at sales data of individual properties that deviate from market value to assessed value by more than 15 percent, up or down. And our deviation was as high as over 17 percent. Once you go past the 15 percent threshold it catches the interest of the county board of taxation.”

The revaluation by Professional Property Appraisers will cover all property in Lawrence Township with the exception of Quaker Bridge Mall and its four “anchor” stores (J.C. Penney, Lord & Taylor, Macy’s and Sears).

The revaluation of those properties will be handled by Mark T. Kenney of Lansdale, Pa., who in September was awarded a separate $20,000 professional services contract to do the work because the township wanted to secure the services of a revaluation firm with experience dealing with such large retail establishments.

The new property assessments and corresponding municipal tax rate adjustment that result from the revaluation will not take effect until 2014.

The other revaluation presentations will be held:

  • Thursday, Feb. 7, at 7 p.m. at the Lawrenceville Volunteer Fire Co.
  • Wednesday, Feb. 13, at 1:30 p.m. at the Lawrence Senior Center
  • Thursday, Feb. 21, at 7 p.m. at the Slackwood Volunteer Fire Co.
  • Monday, Feb. 25, at 7 p.m. at the Capt. John T. Dempster Fire Service Training Center
Linda January 22, 2013 at 06:10 PM
Here we go! These miserable libs must spend EVERY WAKING MOMENT plotting and planning on ways to rip off taxpayers! Would someone please explain to me why NJ insists on awarding these losers with re-election? I just don't get it! Everyone will be hit with property tax increases along with Obummer Care taxes in 2014. Happy days are here again!
Chief Wahoo January 22, 2013 at 07:14 PM
Here comes Dick. BOHICA.
Lynden Arden January 22, 2013 at 10:29 PM
There are folks in my neighborhood that have had their properties reassessed in 2012 and had their taxes lowered. Also, I think there is a multiplier on the tax assessments because I know for a fact I am not paying taxes on a 1994 assessment. I think in the end it will balance out ok for most people.
KBL January 23, 2013 at 01:34 PM
Will the town still reevaluate the houses that were just reassessed in 2012? There are many within the last year or two year that requested to reassessed and were and resulted in lower taxes for the homeowner. If they reevaluate all those residences that would seem like a waste of time and money.
Patrick January 24, 2013 at 12:41 PM
for the township.... go to Zillow and look at property values in this township. This is going to be a huge lose of revenue to the township, and most likely a huge hit to services... and schools. Thing is Wahoo, our tax bill here for the township is less then 25%. Half is for schools and the rest for the County. so Dick, has control of about a quarter of the tax bill.
donotstaysilent January 24, 2013 at 04:09 PM
I believe that everyone must be reassessed to be have equal value in 2013. Newer homes that had higher assessments will have their taxes come down and the older assessments will have their taxes go up. there is no change in the tax revenue. assessments adjust the tax rate so it is fair for all. once everyone is assessed at current market value and the new tax rate is set, we will know the amount of taxes that we have to pay.
donotstaysilent January 24, 2013 at 04:13 PM
Patrick, reassessing homes does not affect revenue, it resets the tax rate per 100. More likely taxes in the south of town will go up and taxes on the newer homes in the north will go down. What happened in Princeton a few years ago will happen here.
KBL January 24, 2013 at 04:58 PM
I'm not certain it has to do with the age of the house as much as when it was last assessed. Granted newly built homes will probably have their taxes lowered since they were assessed obviously when it was built but many of the older homes in town have been reassessed in the past 1 - 2 years. I would imagine that even though the home is old that taxes won't change much, if at all, due to being recently reassessment. I do agree that the older homes that haven't been assessed in the last 10+ years will probably see a tax increase.
donotstaysilent January 24, 2013 at 05:07 PM
well, the assessed value may not change much but remember, the tax rate is reset by the 2013 reassessement. Our town's tax rate will move upward if the total value of all properties in the town is less than current amounts. Since over the past several years, a lot of homeowners have won tax appeals that they were assessed too high, now everyone, even those who did not appeal, will be reset to a lower market value. Homes that have not be reassessed since 1994 may see their assessed values increase while the tax rate may increase. This will lead to a big tax increase for some of us.

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