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Atlantic’s City Administrator discusses Assessments and their impacts

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April 8th, 2021 by Ric Hanson

If you’re a property owner, you were likely shocked and angered by the increase in your property assessment that came out earlier this month. Atlantic’s City Administrator John Lund, Wednesday, said an assessment is not the final say in the amount of property taxes you will eventually end-up paying.

Speaking during a meeting of the Atlantic City Council, Lund says if you’re property assessment went up anywhere from 10-to 30-percent, there’s no limit to how far the rollback can dive, in order to reconcile the fair value. Once the rollback is established, the County Auditor applies the taxable values. Lund will receive that data, and he along with the Council will discuss the tax levies. That process won’t even start until December.