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Oradell Orders Reassessment to Stave Off Tax Appeals

Appraisal Systems of Glen Rock will begin work on the reassessment this summer

 Following in the footsteps of neighboring municipalities like River Edge, Cresskill and Dumont, the borough of Oradell has ordered a reassessment to stave off more tax appeals.

of Glen Rock, which performed the reassessment for the other towns was hired on Tuesday night to compile updated housing value results for $71,000.

"It is a mini revaluation," Mayor Joseph Murray said. "They will look at sales from the last few years, visit those homes they did not visit during the last revaluation and any new construction that has taken place."

Oradell had a full revaluation performed in 2008 by Appraisal Systems and due to the contract at that time, the borough was entitled to a reduced price for the assessment.

"The impetatus for this is the number of tax appeals and the declining housing market," Murray said. "The presumption here is that a lot of real estate values have declined but we don't know."

Beginning in July and August, Appraisal Systems will start to deliniate the various neighborhoods and visit any homes. The entire reassessment is expected to be completed by January.

But Councilwoman Donna Alonso stated that residents should not expect to save money following the assessment as even if a housing value is reduced the tax rate would still increase.

The assessment by Appraisal Systems for River Edge cost the borough approximately $174,000 by teaming up with Cresskill and Dumont to share the cost. For the past two years the borough had been slammed with tax appeals, approximately 150 as of  and then 132 by .

in River Edge had both , and upset as newer construction or upgraded homes have watched their property taxes skyrocket in excess of $17,000 to $20,000.

Have a question or news tip? Contact editor Eamon Harbord at Eamon.Harbord@patch.com, or find us on Facebook and Twitter. For news straight to your inbox, sign up for our daily newsletter.

Michael Jordan June 14, 2012 at 01:03 PM
PROTEST ANY REASSESSMENTS BECAUSE A TAX RATE INCREASE WILL RAISE THE TAXES JUST LIKE IN RIVER EDGE.FORCE THE TAX RATE DOWN AND THEN YOU WILL HAVE A REAL TAX SAVINGS. MJ
TomW June 14, 2012 at 07:36 PM
The new weapon of choice by towns to stop property tax appeals. Your assessed value will go down leaving you to think your taxes are going to go down.But then they hit you with a higher tax rate that will put you back where you were at before the reassessment or higher depending on whether you had any improvements to your property. Good luck!
GGT June 15, 2012 at 02:30 PM
First RIver Edge, now Oradell, fric and frac here. This is where over spending gets you boys and girls. And the same town where residents turned down a Walgreen's because of their over inflated view of the themselves and the town. Well maybe the state will rule in Oradell's favor next month, regarding the school funding fight with River Edge. River Edge and Oradell two of the highest taxed towns in Bergen County!! What a mess!!!!

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