new jersey tax appeals.
“Extraordinary” Tax Appeals Prompt Mansfield Reassessment

From Registry News: Following a public hearing, an ordinance authorizing an emergency appropriation to update revaluations of property within the township, was approved unanimously by the Township Committee on July 25.    ”We are under county order . . . to reassess the property value within Mansfield Township,” said Joseph Monzo, the municipality’s chief financial officer […]

Increasing Number of Tax Appeals Landing In Court

From National Real Estate Investor: State governments desperate to feed municipal coffers are pushing more property tax appeals into litigation, and property owners are finding it difficult to win those battles. Experts advise owners to familiarize themselves with the Uniform Standards of Professional Appraisal Practice (USPAP), which may help them gain some leverage in court. […]

AC Casino Tax Appeals To Increase Residential Tax

  As witnessed in AC, as more commercial industries file assessment appeals, tax burdens will by necessity shift to residential homeowner's to compensate for resulting budget shortfalls. Will homeowners also experiences a curtailment of local services? That's almost guaranteed. From The Atlantic City Press:     City Council agrees to lower Atlantic Club's assessed value by […]

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 […]

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