Atlantic City property-tax spike a big surprise
ATLANTIC CITY — Property taxes here are going up this year by a substantial amount — $676.50 on a $150,000 home — even though the city, county and school district all have announced stable budgets.
A loss of property value, and the end of millions of dollars a year in tax-appeal refund credits from the county to the city have conspired to create the situation, said Atlantic County Tax Administrator Margaret M. Schott.
She and her staff were surprised when they worked up this year’s numbers, she said.
Most people don’t know about it yet, as quarterly tax bills haven’t been mailed. They should arrive in people’s mailboxes in the next two weeks, according to the city Tax Collector’s Office.
Read more: https://www.pressofatlanticcity.com/news/local/atlantic-city-property-tax-spike-a-big-surprise/article_5e8b024b-dddf-5ae8-ba57-4980d1ab8a70.html