PRESS FILE PHOTO

Long Beach Township

Mayor Joseph H. Mancini is
president of Mancini Realty
and Mancini Custom
Homes.
LONG BEACH TOWNSHIP For the last two years,
Mayor Joseph H. Mancini has paid an average of $78
a 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 lots
and three large, elaborate homes, some with eleva-
tors and rooftop decks. The tax bills are estimated by
the 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 of
East Coast real estate where homes are in high
demand.
Had Mancini paid taxes on the value assessed at
the purchase price of $1.7 million for all 14 lots he and
his 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. Mancini
has $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, as
seen on Sept. 8. The average property tax for a homeowner in the township last year was $7,581.
DUSTIN RACIOPPI @DRACIOPPI
See LAND, Page A7
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.
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FRIDAY 10.24.14
VOLUME 135
NUMBER 255
SINCE 1879
ADVICE JERSEY ALIVE
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