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Westfield Realtor Offers Free Tax Appeal Assistance For Homeowners

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeal, nj tax, nj tax appeals , on April 24, 2013

From PR News: In 2012, according to the Department of Treasury’s Division of Taxation, more than 90,000 residential tax appeals were filed in New Jersey — the highest since 1992 and more than triple the number filed in 2007. Spurred by sagging home prices — along with often inaccurate and outdated assessments – state […]

Tax Appeals In New Providence Has Town Dipping Into Reserves

Posted by Peter Jordan in new jersey property tax appeal, nj property tax appeal, nj tax, nj tax appeals , on July 6, 2012

From The Independent Press: Among the issues the New Providence Borough Council discussed at its June 25 meeting was a multi-million dollar reassessment of a property in the borough. Council President Michael Genarro gave a run down on a tax appeal settlement for 41 Spring Street LLC. No information was available on the owners of […]

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 […]