Erickson Tribune

Seabrook

UPDATED: Monday, February 11, 2008

When will Jersey see relief?

Posted on Friday, February 01, 2008
 

By Julia Boyle
THE ERICKSON TRIBUNE

Chances are, you’ve just mailed yet another fourfigure property tax payment. And though statewide taxes saw a smaller increase in 2007 than over the past few years, the reported 5.5% hike did not dip as low as the 4% goal Governor Corzine set last January.

This was “the lowest increase in six years,” according to Lilo Stainton, press secretary to Gov. Corzine. “This positive trend is expected to continue in 2008,” she adds.

Rising taxes, falling population?
While it may be a “positive trend,” taxpayers are singing a different tune.

“When they commend not meeting the goal, they show contempt for the taxpayer. People are no longer going to be able to stay here in New Jersey, and businesses won’t come here because of all the taxation,” says Jim Allen, a longtime Monmouth County resident.

“Taxes in the state of New Jersey have escalated to what I believe is out of control,” he says heatedly. Allen says that in the five years he has lived in his current house, his property taxes have increased $2,000. “At that rate, who can afford to live here?” he asks.

Staying local
But Allen does plan to remain in-state, where he has joined the Priority Lists at both Seabrook in Tinton Falls and Cedar Crest in Pompton Plains. Membership on the Priority List ensures that he can move to either community when the home he wants is available and he’s ready.

“Anecdotes suggesting residents are leaving are not based on fact,” says  Stainton. “Actual data show more people—particularly seniors and high wage earners—continue to move to New Jersey. With unprecedented natural resources, its proximity to world-class colleges and cultural institutions, plus well-paid jobs and a high quality of life in general, the Garden State continues to draw residents who recognize it as an attractive place to live.”


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A new way to pay bills
People are drawn specifically to Seabrook and Cedar Crest because they offer the advantage of a New Jersey address without the drawback of property taxes. The two Erickson Retirement Communities pay their allotted property taxes, but people who live there do not write big quarterly checks on top of their other bills. Instead, each resident writes just one check a month for the monthly service package—which covers property taxes and includes 24/7 home maintenance, all utilities except phone, and one meal a day in any of the three on campus restaurants.

According to Pat Francis, director of finance at Seabrook, the community pays roughly $3 million annually to the Borough of Tinton Falls and allocates a portion of that amount to each person’s apartment through the monthly service package. And the amount per unit has been decreasing annually. “Our resident population has been increasing each year, which in turn, has decreased the amount allocated per resident,” says Linda Gunther, business analyst at Seabrook.

What’s in store for 2008
Stainton says more communities will stay under the 4% growth rate in 2008 after school budgets are drafted in the winter and municipality budgets are drafted in the spring. Still, decreases in property taxes are a long way off.

“The cap is a guideline for local officials (state officials don’t control school or town budgets directly),” Stainton says. “State officials throughout the administration will continue to work with local and county government leaders to find ways to reduce costs and see efficiencies where possible.”

Stainton says some possible solutions include a new School Funding Formula as well as a state comptroller and executive county superintendents.



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