Belmar Taxpayers Get Final Tax Tallies Reflecting New Property Values

Because Belmar's tax bills just went out by mail, reflecting the complete 2017 tax levy, taxpayers have until August 25 to submit their third-quarter payment.

BELMAR, NJ — Now that all tax levies for the year have been finalized, Belmar property owners will see their overall tax rate increase by 1.23 percent, according to borough officials.

While there was no increase in municipal taxes, school taxes climbed by nearly 2.49 percent and Monmouth County taxes edged up nearly 1 percent, Mayor Matthew Doherty reported in a July 21 letter sent with tax bills to borough residents. Based on an overall 2017 breakdown, 43 percent of taxes are earmarked for school services, nearly 35.5 percent for municipal services and another 21.5 for county services.

Despite the relatively small across-the-board tax hike, there’s another reason why 2017 tax bills may be higher than last year — new property assessments based on the recently completed boroughwide revaluation. According to that county-order reassessment, the true market value of Belmar, including all private and public properties, has climbed from $1 billion to $1.6 billion.

Sign Up for E-News

“The effect of this change in assessment has reallocated the tax burden among property owners based on relative changes in property values within the community,” according to Doherty’s letter. “As a result, the taxes owed by some property owners have gone down and some have gone up.”

While the mayor could not give actual numbers, the “rule of thumb” in a property revaluation is that about one-third of property owners experience an increase in value, one-third a decrease and one-third have no change.

It’s been quite a while since Belmar underwent a revaluation. While every town in New Jersey must have their property values brought up to current market values about every 10 years, the borough was able to delay its 2012 reassessment, maintaining that the housing market needed time to stabilize after Superstorm Sandy. That reprieve ran out when the borough was ordered by the court to complete the revaluation by the end of 2016.

Because the new bills just went out by mail, borough taxpayers have until August 25 to submit their third-quarter tax payment. However, if payment is not made by the new due date, interest will be calculated back to August 1.


TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Belmar/Lake Como

Belmar and Lake Como

March 19, 2018

Belmar Police Department reported the following arrests occurred in Belmar and Lake Como from February 1, 2018 to February 27, 2018.


Sonya Alfano, 23, of Wall was charged with contempt on an outstanding warrant after her arrest on February 1 on Route 35 by Police Officer Peter Speakman.

Robert Ramos, 31, of Philadelphia was arrested at Belmar Plaza on February 6 by Police Officer ...

Upcoming Events


Mon, March 19, 7:00 PM

Belmar Municipal Building, Belmar

Belmar Planning Board


Tue, March 20, 6:00 PM

Belmar Municipal Building, Belmar

Belmar Mayor and Council Meeting


Tue, March 20, 6:30 PM

Belmar Arts Center, Belmar

Belmar Arts Center Writers Group


Tue, March 20, 7:30 PM

Lake Como Borough Hall, Lake Como

Lake Como Council Meeting


Wed, March 21, 9:30 AM

Lake Como Borough Hall, Lake Como

Lake Como Mommy and Me Play Date


Wed, March 21, 1:00 PM

Belmar Arts Center, Belmar

The Book Art Show at Belmar Arts Center


Thu, March 22, 7:00 PM


Belmar Zoning Board of Adjustment


Sat, March 24, 9:00 AM

Bar Anticipation, Lake Como

Kilt Run to Benefit the Belmar/Lake Como St.


Sat, March 24, 11:00 AM

Ale House Sports Bar and Grille, Brielle

Ales for Whales II to Benefit the Marine Mammal ...


Sat, March 24, 11:00 AM

Second, Third and Fourth Avenue Beaches

Belmar Easter Egg Hunt


Sat, March 24, 12:00 PM

Jake's Downtown, Belmar

Jake's Downtown Slider Saturdays


Sat, March 24, 1:00 PM

The Stone Pony, Asbury Park

Paint the Pony Purple to Benefit the Epilepsy ...

Building Meadow's Garden & Playground: A Father's Vision to Honor His Daughter

March 11, 2018

PARKLAND, FL — For Andrew Pollack, the loss of his daughter Meadow Pollack in the Marjory Stoneman Douglas tragedy has spurred him to focus his energies on improving school safety and build a playground to honor his daughter.

"I had a vision of, instead of going to the cemetery, I wanted to do something that Meadow would have liked to go to, Pollack said. "I had a vision of ...

Electronics: The Negative Impact on Literacy

March 6, 2018

To the Editor:

As speech-language pathologists across New Jersey prepare to mark National March into Literacy Month,  let’s address the alarming number of young children who spend countless hours a day on a handheld screen.

According to a study from the Pediatric Academic Societies Meeting, the more time that children under age 2 spend on smartphones, tablets and electronic ...