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As was discussed at the last Mantoloking council meeting, property values are down in Mantoloking and surrounding towns, and as a result, taxes are in flux.
The town’s CFO, Michelle Swisher, reports that following Sandy, Mantoloking lost 33% of its value. Currently, the town is still down 24% from the 2012 values.
“From the start, I’ve said this will be a four- to five-year process from the date of the storm for us to get back to normal and that still holds true,” “This year doesn’t include the rebuilding the borough hall, which was destroyed by Sandy.”
– Mayor George Nebel
You can a read a detailed article about this in the APP here.
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The post Property Values Down In Shore Towns Due to Sandy appeared first on Suzie & Ed, Diane Turton, Realtors.