REPORT: HALF BILLION DOLLARS IN RATABLES LOST IN LOWER TWP.

Lower Township has seen its ratable base decreased by about $500 million.  The Press of Atlantic City reports that a recent property revaluation in Lower Township has resulted in lower property values but should result in more equitable taxation.  Property values continue to go down and that caused the lower values of properties.  Lower Township conducted an in house reassessment of its properties recently.