2011年4月4日星期一

Call the joint report for College tax details

Princeton revaluation Joint Research Committee, announced today to determine this year's property tax revaluation report. Report a re-evaluation of legal challenges likely without success, and could be improved in the future recommendations of any public communication revaluation process, concluded.

Increased society the University contribution municipal operating budgets to expand the ways to mitigate the negative impact of the revaluation to the community in the recommendations of the report to three universities: University review property tax exemption from housing subsidies.

To determine the result of the revaluation of property tax Conference January, conducted last year, started to Commission. Called for movement reevaluate some community members challenged compliance with its procedures to evaluate legal basis for the Committee.

"Community believed that the revision process, had been done properly, accurately," Roger Martindell, Council liaison to one of the Committee said the Borough Councilman. Report challenges comes to conclusions is not likely to succeed because he added.

"Expect the Princeton fair tax group and the conclusion" 2 Jim Firestone, Princeton fair tax revaluation group co-convener started making planning district and reevaluation conducted exactly that no bring litigation against claims the town said.

"I do not believe [the Committee published] research can decide it was enough to" said Firestone. When the Committee met, we how it had prepared studies mass appraisal standards violations of request they would make it to the Conference was requested.

He said Firestone continues its legal fair tax revaluation group at Princeton University. Conducted the reevaluation "by misapplying the extraction of the smaller, older new larger houses and importers. "And he said.

Consists of recommendations to improve procedures and revaluation of the future of public communications, the majority of the Committee's suggestions. More updates than the property evaluation contains recommendations to the frequently to severe market changes in housing and periodic re-evaluation of avoid shock.

Recommendations become easier to appeal re-evaluation process calling facility procedures more transparent, and Martindell is homeowners greater involvement and re-evaluation process, noted the recommendations of the report.

Recommends that need to provide a number of comparable sales reevaluated, so you can find numbers of similar committees in individual taxpayers easy tax appeal board exists, now in fact neighborhood sales list used in tax assessment.

How could mitigate negative impact of the community, the revaluation includes three university concerned the proposal of the report proposal.

One of the proposals of the report qualified profit in terms of local houses faculty and staff more affordable, where current members of the public, the housing program, subsidies to University expansion was.

"Driving the cost of real estate in the town of people difficult University subsidized residential program at Princeton and ここでここで still live Martindell said. "To enlarge the program to alleviate the situation, can stay might be people who are leaving the City University's best interest and the interests of society, as a whole that you might find. 」

University Vice President and Secretary Robert Durkee ' 69 College legally limited places in university housing program's tax-exempt status for deploying replied is not allowed.

"We will be able to offer this program, simply it in limited to some of our faculty and staff" description Durkee. "It very carefully it has been granted whether to now be negotiated annually with the IRS to confirm. 」

We're educational institutions, he added. "We're not financial institutions. Is not able to do something in the zoom.

To increase the contribution of tax-exempt organizations, Township, Borough of payment of taxes rather than report recommended attraction. These contributions included annual voluntary contributions to the budget of the University, local government behavior.

This year, part of the University District's operating budget, this year has been set to expire six-year contract and a 50-million at the beginning of that kind is $ 1200000 contributed $.

Type the negotiations until College, contributions confirmed efforts this year's decision and has started negotiations about the amount of the municipality one of contribution to the potential for next year still Durkee municipalities in trying. Martindell "as funds to maintain a sustainable tax rate in Community College pilot dependency is another view of" the property tax revaluation Committee the findings said the negotiations at the University Board of Trustees will bring

To make use of the property Committee report, such as property tax exemption, University have allowed and recommended. "If you suspect part returned to the tax roll, and use some of these properties for taxation purposes," State.

Municipal programs do not periodically check the excluded property exists and is autonomous Township for more routine and thorough testing non-taxable property program to establish a discovery advice report describes.

Do not challenge the self-declaration of the non-profit exemption on some meaningful tax assessor of taxes, to use, and non-taxable use us more rigorous self declaration police community, "said Martindell.

"If you want if you do not meet the criteria I have appropriate community specific buildings to review it would be surprised if you think, know," pointed out Durkee.

Colleges that currently tax exemption, to maintain certain property tax roles. University Durkee description concedes child House to attend the public schools of University buildings, so Town House, pay taxes to graduate students.

Is required for University also has 22 rooms only legally part of the facility to pay tax paying tax facilities in St. 22 Along with use of rents space in room St. facility, some buildings have been carried out education, tax-free to commercial tenants.

"Whether or not tax property tax roll on the roll must also start so you can see whether tax rolls should be when the property is off the tax rolls," Durkee explained. I it maintained the tax roll our our property is the community think important.

"These people have not seen what is not, there is a tendency to look at, we are paying what for all discussions," he added. "Paying us beyond what we need are property taxes. Tend not to focus on people. People tend to concentrate completely excluded property. 」


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