Mayor Dawn Zimmer released the following memo with the official City Council resolutions detailing further evaluation of a revaluation (reval).
Talking Ed Note: To say there is misunderstanding on the reval is an understatement. Commenters have been having a lively discussion for days here on the issue. What's apparent is people do not understand how the reval works even after the one concluded after almost 25 years.
Some continuous complaints claim they will face an annual increase in City of Hoboken taxes with a rolling reval. Put simply, this is not true.
As with the one previous, in a rolling reval all properties values are weighed (reassessed) across town. If the average citywide property valuation increases, say 10%, the only properties which would see a tax increase are those that exceed the valuation beyond the 10% average.
There's been Old Guard misinformation spreading the myth this is an annual tax increase. Some hysteria has followed but what's odd is it even comes from some corners of "educated reformers" who are repeating it to anyone who will listen.
County taxes now the largest portion of Hoboken resident's tax bill are distinct from the steady and reduced municipal taxes in recent years. Hoboken residents had a chance in the spring to vote for a Freeholder candidate in Phil Cohen in the Democratic Primary who wanted to implement process methodologies to identify excessive costs at the County level. He lost to Anthony "Stick" Romano in a low turnout election. Romano's stated position on County taxes is you can't do anything about them. So that means you can expect to see more Hudson County tax increases yesterday, today and tomorrow. You are under the heel of HudCo. There isn't even a major opposition candidate lined up in the upcoming County Executive race.
It's three years to the next Freeholder election. Hoboken will then have its one seat (shared with Jersey City Heights) on the nine member legislative county body to reconsider representation at that level.
Until then, you are at HudCo's mercy. Elections matter and they do have consequences.
Last, the mandatory paid sick pay ordinance proposed by Councilwoman Terry Castellano and Beth Mason was pushed to December. High five!