East Brunswick may see a township-wide revaluation this year, if the council agrees with suggestions made by Mayor David Stahl on Monday night.
During his State of the Township address, revaluation was one of four points Stahl specifically touched upon as a focus area for the coming year.
Over the past four years, a loss in property values in East Brunswick has resulted in a budget shortfall of $2 million, Stahl said.
"That necessitates the need to raise municipal taxes to make up for this shortfall," he said. "In my opinion, this can't continue."
East Brunswick has not had a revaluation since 1983, he said.
Stahl acknowledged that revaluation is an unpopular topic among both residents and politicians alike, but said it was a matter of fairness.
Tax appeal refunds chip away at an already shrinking tax base, he said. Revaluation will help to end the loss of funds.
"We must ensure that the proper value is assessed to our homes and the distribution of costs are spread correctly," he said.
To view Stahl's State of the Township address and read the transcript of his speech, click here.
Tell us: Do you think revaluation is the answer to making up budget losses in East Brunswick?