In many towns throughout New Jersey, property assessment values have failed to be adjusted relative to their market (or “True”) values. In towns such as Jersey City — where assessments are as much as thirty-years old and the market values of properties have increased steadily — individual property tax bills reflect widespread inequities. Because […]
As property values continue to fall and tax rates soar, homeowners are filing assessment appeals in record numbers -an increase of over 33% from 2010. The county is facing severe economic challenges and its future is bleak. Press of Atlantic City From Atlantic City Press: Atlantic County tax appeals have shot up 33 percent in […]
Asbury Park Press Monmouth Tax Board: Towns can opt out of pilot program Asbury Park Press For towns that stay in the pilot program, the Tax Board promises to develop a system that prevents property owners who win an appeal of their property value from being hit the next year with a drastically higher […]
NorthJersey.com North Jersey towns reassess tax-exempt status for hospitals after key ruling NorthJersey.com The case “is a huge potential game-changer when it comes to property tax exemptions,” said David Wolfe, a New Jersey attorney who specializes in property tax appeals. “I think you will see other municipalities challenging hospital exemptions.” Bianco's … and more » …via […]
MyCentralJersey.com Are you fairly taxed? NJ targets towns on assessments MyCentralJersey.com That’s the primary reason why the number of tax appeals continues to drop in Somerset County, where most towns update property assessments every year, Vance said. Municipalities used to perform property revaluations at intervals of several years, Vance … …via Are you fairly taxed? […]
Patch.com From The Westfield Patch: N.J. Says These Towns Must Reassess – And Could Have Much Higher Tax Bills Patch.com Revaluations can be unpopular, and property owners can get higher tax bills after the value of their properties is reassessed. Those include Jersey City in Hudson County, Elizabeth in Union County and Dunellen in Middlesex […]
From MyCentralJersey.com: Many New Jersey senior citizens do not know about program that can bring them money every year…via can bring cold casProperty tax freezeh to seniors – MyCentralJersey.com
Packet Online PRINCETON: State appeals court refuses to throw out challenge to university’s … Packet Online Princeton was trying to reverse a decision by tax court Judge Vito L. Bianco, who in February denied a university request to have the citizens’ lawsuit thrown out. Taking what even the university called an “unusual” step, the […]
From: Asbury Park Press Across Monmouth County, a new way of assessing property values, the Assessment Demonstration Program or ADP, is leaving property owners either outraged over hefty assessment increases — or quietly celebrating a lower valuation. The pocketbook pain for many taxpayers could go substantially beyond the much-touted 2 percent property tax cap. […]
New Jersey Herald Deadline near for tax appeals New Jersey Herald As of last month, all homeowners were mailed the annual property record card showing their homes' current value assessments for tax purposes along with the total amount of property taxes billed last year. With recently released data showing New Jersey … …via Deadline […]