SPOOZ Inc (SPZI)

[dukeb]

At a minimum the tax rate has almost certainly gone up. Every municipality is being squeezed by increased costs. Wages typically go up by 2 to 3% every year. Health insurance costs went up, IIRC, about 30% on the State Benefits plan in New Jersey. All of those costs factor into the municipal budget and they calculate the rate based on the amount they are going to spend.

What would cause the tax due on the property to change? Tax rate changes? Reassessment of the building?