REPORT: WILDWOOD TO CONDUCT PROPERTY REVAL

Wildwood city officials are prepared to conduct a property revaluation.  The Press of Atlantic City reports that the city has asked the Cape May County Board of Taxation for permission to reassess all of the properties in the city.  Wildwood last conducted a revaluation seven years ago and since then there has been a building boom in the city.  The city estimates the current property values in Wildwood at $1.5 billion.