Town Topics — Princeton's Weekly Community Newspaper Since 1946.
Vol. LXIV, No. 32
Wednesday, August 11, 2010
Coldwell Banker Princeton Office

Prudential Fox and Roach, Realtors

Gloria Nilson GMAC Real Estate

Henderson Sotheby's International Realty

N.T. Callaway Princeton Office

Stockton Real Estate, LLC

Weichert, Realtors

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Iris Interiors

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Town Talk

A forum for Princeton residents to express opinions about local and national issues

Question of the Week:

“How have the recent property assessments affected you and how would you address the issue?”


“First thing is to help all the neighborhood groups that have formed to get the information that they need now. Going forward, we would like to change the way we do revaluations. The last revaluation was in 1996; there have been lots of changes in the market. I want to advocate that we adopt a maintenance plan and look at sales data every year and adjust the assessments every year so that they are closer to true market value.”

— Liz Lempert, Princeton Twp. Committee

“The issue is very complex. Why has the assessment of the homes doubled? Real estate values have fallen at least 35 percent in the last three years. Some say they have been given a lower tax rate. The whole thing is obscure at this point. It is a very unprofessional situation, I hope it will not blow up in the taxpayers’ faces. If it does, it will drive the lower and middle class out of Princeton. This is same thing that has happened in Third World countries and I hope it does not happen here.”

— Sam Hamond, Princeton

“Like many other residents, I have been impacted; my taxes have doubled. I don’t understand why this has happened in this horrible economy. I question the whole revaluation process; it should be simplified. The process now is askew; land values went up, stayed level or went down in different neighborhoods. I believe there is an undercurrent that Princeton is destined for the wealthier folks.”

— Kevin Robinson, Princeton


“The houses are being completely revalued. Our taxes are going way up. I have lived in this house since I was born and now the taxes are going way up in one year. It is ridiculous.”

— Alice Artzt, Princeton

“Monetarily it has affected us greatly; about a 20 percent increase. My wife is working but I am retired. It is a real hardship for us. I would suggest looking at the whole process again to see if it can be reworked as there is obviously some inequity involved.”

— Stewart Solomon, Princeton

“Our taxes went up about 10 percent. I agree that the smallest houses had the biggest increases. I know people whose taxes went down thousands of dollars because of their bigger houses. I am not sure how to address this except that it should not be based on the value of the land.”

— Ann Summer, Princeton


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