8/10/2019 Asbury Park Press front page Friday, Oct. 24 2014

1/1

PRESS FILE PHOTO

Long Beach TownshipMayor Joseph H. Mancini ispresident of Mancini Realtyand Mancini Custom

Homes.

LONG BEACH TOWNSHIP For the last two years,Mayor Joseph H. Mancinihas paid an average of $78a year in property taxes on tracts of land his name-

sake companies bought for $1.7 million.Now the real estate company he heads as presi-dent, Mancini Realty, is marketing two vacant lotsand three large, elaborate homes, some with eleva-tors and rooftop decks. The tax bills are estimated bythe realty company to be $9,000 a year on each prop-erty on West Judith Avenue for the new owners.Long Beach Island is widely considered a gem ofEast Coast real estate where homes are in highdemand.

Had Mancini paid taxes on the value assessed atthe purchase price of $1.7 million for all 14 lots he andhis development company, Mancini Custom Homes,owns, the bill would have come to about $14,400 per

ASBURY PARK PRESS INVESTIGATION

14 LBI LOTS.

$78 IN TAXES.Long Beach Township Mayor Joseph H. Mancinihas $1.7 million of prime island real estate.

Guess what hes paid in taxes per property? The

price of a Big Mac, fries and a soda.

PETER ACKERMAN / STAFF PHOTOGRAPHER

An empty building lot marketed by Mancini Realty on West Judith Avenue in the Holgate section of Long Beach Township, asseen on Sept. 8. The average property tax for a homeowner in the township last year was $7,581.

DUSTIN RACIOPPI @DRACIOPPI

SeeLAND, PageA7

Experts say the low assessments on

Mancinis lots are within the

boundaries of New Jerseys complex

land tax regulations, which inevitably

cost towns precious tax dollars.

Asbury Park Press APP.COM $1.00

FRIDAY 10.24.14

VOLUME135

NUMBER 255

SINCE 1879

ADVICE JERSEY ALIVE

CLASSIFIED D4

COMICS JERSEY ALIVE

LOCAL A3

MOVIES JERSEY ALIVE

OBITUARIES A11

OPINION A14

SPORTS C1

WEATHER C10

YOUR MONEY A10

MAKE A DIFFERENCE DAYJoin us as we help build Asbury Parks first urban farm. A2

GOV HECKLED IN TOMS RIVERStop FEMA Now crashes Gov. Chris Christie's media event. A3

NEW YORK CITY DOCTOR TESTS POSITIVE FOR EBOLA PAGE 1B

Get an insiders view of tonights Red Bank Catholic-Manalapan faceoff, and all the topgames,and picks from our pigskin prophets.

The best local sports anywhere. C1

BIGGEST SHORE MATCHUPOF THE YEAR!

CENSUSOF THE SEATrawl surveys off New Jersey

give scientists vital information

on whats going on down below.

HOOK, LINE & SINKER

TAKE

YOUR PICKEnjoy the crisp air with pumpkins

and apples at local farms, or make it

cozy with autumn-inspired cocktails.

JERSEY ALIVE!