The following information was provided to TLS by an Askan in Jackson:
As many of you know, the town conducted a mandatory property reassessment last year. This is a routine process that happens roughly every 10 years and is not controlled by the local governing body. Most residents already received their updated property assessment values several months ago.
Recently, many people received a second quarter tax bill and understandably, many are alarmed. Please don’t panic this bill does not represent your new typical quarterly payment, and here’s why:
1. *Catch-Up from Quarter 1*
While the new assessment went into effect in January, Quarter 1 was billed at the old rate and old property value. This current bill includes not only your regular Quarter 2 taxes, but also the difference you should have paid in Quarter 1 based on the new assessment. So it is just catching up on the increase.
2.*Tax Rate Hasn’t Been Adjusted Yet*
When a town reassesses, the tax rate usually goes down to reflect the rise in property values. In our case, many homes saw assessed values increase by over 100%. The town does not collect more money overall — they simply lower the rate to balance out the higher assessments.
However, this current bill is still using the old (higher) tax rate, which inflates the amount due. Once the new, lower rate is applied going forward, your quarterly bills will reflect the correct amount.
*Bottom Line:*
• This is not your new quarterly amount!
• You’re not being overcharged.
• Future bills will be lower and balanced.
This is a one-time adjustment. Everything will even out to reflect the estimate you were given months ago by the town for your new valuation.
As usual it keeps on going up up up
That’s not the worst for the residents of Jackson. Adventure Crossing is suing Jackson for contract violations. He is going to win $120 million and is entitled to double that money. He is then going to build Adventure Crossing anyway. You’re going to pay for him to build this property for free
Actually this estimated bill is the 3rd Quarter Bill (not 2nd Quarter). Even though it is estimated, it can still go up more than estimated. Yes, included in this bill is the catch up amount for 1st & 2nd Quarter. Don’t expect the rate the drop. I would be shocked if it did. My taxes will be up 15% over last year. Meanwhile a brand new home within sight of my home was built last year and the township records only show tax on property. No tax on the improvement. House is over 5000 SF (residential home). How many other new homes are still sitting and not paying taxes that were completed last year. Taxes should be going down with all the new construction in Jackson. We now have more ratables. What is going on in Jackson?
Shulem: ChatGPt disagrees.
Says they will likely lose the case base on history and previous cases.
Does this huge bill need to be payed now? My mortgage company always paid my tax untill now in monthly installments.