Fair Lawn's Top 10 Taxpayers
Patch takes a look at the highest assessed properties in Fair Lawn.
Fair Lawn's property value reassessment, completed in March, has shifted a greater portion of the town's tax burden onto commercial property owners and away from residents. Property values have dropped for both homes and businesses, on average, but they have dropped more steeply for homes. The switch has left some business owners -- a few of whom spoke at last week's council meeting -- concerned over the increase in their estimated tax bills. In the first part of a multi-part series about the wide-ranging effects of the reassessment, today Patch takes a look at the town's top taxpayers. -- Fair Lawn's top taxpayers are split evenly among commercial properties, industrial properties and apartments. While commercial properties make up five …
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Zak Koeske
6:45 pm on Thursday, July 12, 2012
@David Regardless of the original purpose of the surplus, it is no longer just a "rainy day fund." Previous administrations used it by the millions each year to balance the budget and hold down taxes. Like I said above, if the surplus is depleted it'll create a large revenue hole in the budget that needs to be made up somewhere. more ›