I recently spoke at a borough meeting about increased assessments placing an undue burden on taxpayers when mill rates are left the same. I likened the situation to 20 years’ worth of tax increases in just three years. The assembly seemed unable to grasp the concept.
Spelled out, it looks like this: According to local real estate professionals, in a good economy, properties appreciate in value by roughly 2 percent per year. From 07-08, taxable…