MyCentralJersey.com Assessment appeals — the hearing MyCentralJersey.com We've concluded that it is worth pursuing the appeal and are going forward. We filed our notice with the County Board of Tax Appeal by April 1 and paid the required fee – $25 in our case. The hearing, open to the public, will be scheduled (usually […]
From Paramus Patch: Borough officials approve the 2013 budget which has zero increase in spending but will mean a $30 tax increase for the average homeowner…More at Paramus Taxpayers See Small Increase Due to Tax Appeals – Patch.com
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
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 Spurred by sagging home prices — along with often inaccurate and outdated assessments – state […]
From NorthJersey.com: The city council is considering bonding $3.5 million to pay for approximately 100 tax appeals that are close to receiving judgment ….More at Englewood council considers bonding to pay down $3.5M in tax appeals – NorthJersey.com
Washington Township officials are planning to have a revaluation of township properties performed due to a large number of tax appeals, but the work will not be able to be done this year, officials said this week ….More at Township Property Revaluation Could Come Next Year – Patch.com
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 […]
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 […]
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 […]
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 […]