Despite property tax appeal buildup, there is hope for resolution NJBIZ Still, the court and tax attorneys point to the addition of new judges as a sign of better things to come. Kathi Fiamingo was sworn in this spring as the seventh tax court judge, filling a vacancy left by a retirement in […]
In spite of pitching itself as one of the richest cities of the South East Asian countries, Singapore is reportedly losing on its potential investors following a steep increase of its property tax. At present, Singapore’s property sales tax is equating to 23.2% to 22.4% of property prices, which is reportedly the highest of all […]
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 […]
By SUSANNA KIM (@skimm) March 14, 2012 The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions of homeowners are unknowingly paying too much property tax. According to the National Taxpayers Union, about 30 percent of properties in the U.S. are assessed at higher values […]
Thursday, March 15, 2012 More city homeowners are appealing their property tax bills than in years past as the levy which has doubled in the 10 years since Mayor Michael Bloomberg took office continues to increase, according to officials. Next year, the average tax bill increases will range from $30 per year in the Bronx […]
Published: Thursday, February 23, 2012, 9:16 AMLetters to the Editor/The Star-Ledger By Letters to the Editor/The Star-LedgerFrom the headlines on the front page of The Star-Ledger on Feb. 22, it appears that, yet again, Gov. Chris Christie is out of touch. The income tax is not the problem; the property tax is the problem.And as […]
The scene is all too familiar: A tax attorney in Weston, Fla., argues that his client’s home value has dropped 8 percent in the past year, making his $25,000 tax bill far too high. Just outside New York City, a homeowner recounts her frustration when an assessor wouldn’t explain why he valued her lake house […]