The possibility of reducing property taxes by consolidating the 565 municipalities of New Jersey was called into question in a recent study conducted by the Rutgers University’s Local Government Research Center. The study — entitled “Size May Not Be The Issue” — was conducted by Marc Pfeiffer and Raphael J. Caprio. Their main conclusion: the […]
From Star-Ledger: Jerry and Annette Auriemma stand outside their Maplewood home. The couple overpaid three years of property taxes after an appraiser hired by the town wrongly added 600 square feet and a fancy bathroom to a reassessment report. (William Perlman/The Star-Ledger) More at how the township “bamboozled” one maplewood family on property …
From Millburn Patch: The 15 NJ Towns With The Highest Property Taxes. Posted by Tom Troncone (Editor) , October 26, 2013 at 08:47 PM. Comment Recommend. Loading… x. ×. Next Previous Slideshow Download. Comment Recommend. Comments + Leave a ……More at The 15 NJ Towns With The Highest Property Taxes – Newscruncher …
From Tax Foundation: States with high population density, like New Jersey or Connecticut, often face a dilemma concerning how to reconcile the tradeoff between necessary urban density and the green spaces that may improve the quality of life….More at The Vicious Cycle of New Jersey Property Taxes | Tax Foundation
While it is a tax assessors job to review all of their sales and weed out exclusions that do not reflect market value, this high rate of exclusions does not reflect reality. There is an undeniable downward trend in the real estate market—even homeowners that are not in threat of immediate foreclosure find themselves […]
From Patch.com: A revaluation later this year could alter the distribution of property taxes in next year's municipal budget….More at Wyckoff to Undergo Property Revaluation – Patch.com
EB5JJZK67RDY Liberty Village tax appeal settlement would cut Flemington revenue $159K in 2013 Hunterdon County Democrat – NJ.com FLEMINGTON — A tax–appeal settlement with Liberty Village Premium Outlets, which would eliminate about 1.3% of the borough’s tax base has been proposed. The deal would mean $159,275 less revenue for the borough in 2013. So council […]
From Warren Patch: Seniors Have Until Friday to Freeze Property Taxes Patch.com Senior Freeze essentially freezes property tax bills for homeowners ages 65-years and older who have low or moderate incomes, or to disabled residents who receive federal Social Security payments. The state budgeted $213.5 million for this program and … …More […]
The Times of Trenton – NJ.com From Trenton Times: If approved, Trenton property tax hike would make the city's tax rate the … The Times of Trenton – NJ.com “I used to think I paid the right amount of property tax,” he said while sitting on the porch of his home in the city's […]
From New Jersey 101.5: Hurricane Ravaged Homes Could Mean Tax Assessment Reduction [AUDIO] New Jersey 101.5 FM Radio If your home suffered significant damage or was destroyed by Hurricane Sandy, you may qualify for a reduction in your assessment for the tax year 2013 under New Jersey law. John Moore, Getty Images. The […]