Monthly Archives: April 2012
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 […]

Settling Out Of Court Less Taxing, State Finds

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

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 […]

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