Author: Peter Jordan
Why Not Everyone Embraces The Idea Of A Reval

  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 […]

Tax-Exempted Properties May No Longer Be Excluded

  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 […]

Reassessments May Be Headed Your Way

  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? […]

NJ Towns May Be Forced To Conduct Tax Revals

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 […]

Princeton U’s Non-Profit Status in Question

  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 […]

New Monmouth County Assessment Program Rankles Homeowners

  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. […]

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