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Atlantic County tax administrator pitches annual reassessing plan to keep assessments near market value
Summary
County tax administrator Terry Prendergast told the Board the county should support municipal annual reassessing with shared inspectors, technology and clerical staffing to maintain fair assessment ratios and avoid costly full revaluations; she estimated initial county staffing would cost about $695,000.
Terry Prendergast, Atlantic County tax administrator, presented a proposed annual reassessing plan to the Atlantic County Board of Commissioners, saying the program would help keep assessed values near market levels and reduce the need for expensive, countywide revaluations.
Prendergast told commissioners that a reevaluation is typically done by an outside firm, while a reassessment can be managed in-house or as a hybrid; she said the Division of Taxation ssesses ratios (assessed value to sales price) and that ratios above 85% are acceptable. "We have a responsibility to maintain a fair and equitable distribution of the tax burden," Prendergast said, describing data she shared on county ratios since 2021.
Prendergast reviewed assessor staffing across Atlantic County, noting 23 municipalities, roughly…
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