Good news: many Ventnor taxpayers smartly took advantage of their right to appeal their tax assessment. Bad news: Ventnor City lost $55 million in assessed property valuation as a result of those successful tax appeals. That’s why the city is in the middle of a citywide revaluation. Should be completed by early 2017.
Revaluations are done in order to have all Ventnor property owners pay a fare share of municipal taxes.
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