TRENTON – The Senate Community and Urban Affairs Committee unanimously approved legislation today sponsored by Senator Jeff Van Drew that would create the “Real Property Revaluation Review Commission.”
“Property revaluation can be devastating to homeowners, especially for our seniors living on a fixed income,” said Senator Van Drew, D-Cape May, Atlantic and Cumberland. “Many South Jersey homeowners have seen the value of their home double or even triple overnight, with their tax bills going up accordingly. We need to find a more taxpayer-friendly process that would ease this transition over a period of time.”