new jersey property tax appeal | NJ Property Tax Appeal

new jersey property tax appeal.

Reassessments Hurt Homeowners In Long Run, Increase In Tax Bills

Posted by Peter Jordan in new jersey property tax appeal , on April 22, 2012

Due to a high number of tax appeals after a 2008 assessment, Lincoln Park recently completed its reassessment and noted a $149 million drop in value. In 2008, Lincoln Park was valued at $738 million; in 2009, it was valued at $1.576 billion. However, after the appeals went through, it was sliced down to $1.528 […]

Appeals May Cost Residents Loss In Services

Posted by Peter Jordan in new jersey property tax appeal , on April 21, 2012

New Jersey may tighten property tax cap Full story: Asbury Park Press Online Just two towns have ballot questions before voters today looking to exceed the 2 percent cap on increases in property tax levies, but two state lawmakers are nevertheless prepping bills that would tighten their financial leash a little further….More at New […]

Assessing Your Assessement: The Basics

Fair to say, if you are living in New Jersey, you are probably paying more property taxes than you should. The National Taxpayers Union, in fact, estimates that approximately 60% of all properties are currently overassessed. What makes this particularly shocking is that, since 2003, prices of median homes have declined dramatically. We would therefore […]

Settling Out Of Court Less Taxing, State Finds

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax, nj tax appeals, property tax appeal , on April 13, 2012

As municipalities continue being hammered with tax appeals, billions of dollars in revenue are being lost by the state. In 2011, muncipalities in New Jersey lost in excess of $3.8 billion dollars in their tax base due to reduced assessments – more than twice the amount in 2008. And with the housing not poised for […]

One Comparable Not Enough

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax, nj tax appeals , on April 10, 2012

This recent case underscores the importance of not relying on the weight of a single comparable sale (in this case, the buyer’s), and why a sampling of at least three “arms-length” comparable sales is always needed. There will always be a seller willing — for a million reasons — to sell his or her home […]

A Layman’s Knowledge Can Be A Dangerous Thing…

Posted by Peter Jordan in new jersey property tax appeal , on April 1, 2012

The Tax Court in a recent unreported decision allowed evidence, including adjustments to comparable sales by a pro se taxpayer at trial. However, the case, Kula v. Township of Downe, provides a more important strategic lessons to municipal attorneys and tax assessors. Sometimes it is better not to put a case on at all. […]

Risk In Being Underassessed?

Posted by Peter Jordan in new jersey property tax appeal , on March 31, 2012

In the minutes of a recent council meeting in Westfield I saw something that caught my eye: a suggestion by the Finance Policy committee that the tax assessor be allowed to increase a property assessment were that property found to be undervalued. Now I'm not sure if such a thing would even be legal, though […]

Appeals In Garden State Keep Climbing

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals , on March 30, 2012

Used to be tax appeals by homeowner’s were a minority. No more. Each year tax assessors find themselves with an increasing number of appeals, as homeowner’s continue their assault on the inequality of assessments. PROPERTY TAX APPEALS | APP.com | Asbury Park Press www.app.com There were 74,227 property tax assessment appeals filed by New Jersey […]

We Can Make This Easy Or We Can Make This Hard…Guess We’ll Make It Harder

Posted by Peter Jordan in new jersey property tax appeal , on March 30, 2012

An article by Dave Sheingold in today’s Record highlights a trend regarding real estate tax appeals in New Jersey which we have seen develop in recent years, as the real estate market continues to be in flux and droves of property owners have tried to reduce expenses by filing property tax appeals. The message […]

Towns Armed With A “Presumption Of Correctness”

Posted by Peter Jordan in new jersey property tax appeal , on March 30, 2012

From Greenworks: The Golden Key to Winning Your Tax Appeal The world of municipal real estate tax appeals is unlike any other. Lawyers, politicians, residents and accountants all have a significant say not only in your property taxes, but also in the outcome of your property tax appeal. The deck is stacked against taxpayers before […]