Author: Peter Jordan
Senior Property Tax Freeze Deadline Extended

    From Warren Patch: Seniors Have Until Friday to Freeze Property Taxes Patch.com Senior Freeze essentially freezes property tax bills for homeowners ages 65-years and older who have low or moderate incomes, or to disabled residents who receive federal Social Security payments. The state budgeted $213.5 million for this program and …   …More […]

NJ Tax Appeals: Do It On Your Own — Or Use A Third Party?

From Bankrate.com Home prices are falling everywhere, but homeowners hoping for lower property taxes may find themselves disappointed when the bill arrives. If you think your home’s assessed value is too high, you can appeal the tax assessor’s verdict — either on your own or with the help of a third party who will handle […]

“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 […]

Howell Reassessment Blamed For $1.4 million Decline In Revenue

From Howell Patch: It was because of all those successful appeals that the county ordered a recently completed assessment. “The assessment further caused a significant decline in revenue due to declining housing market values,” the email continued. “To make up this loss in revenue, the municipal tax rate needed to rise if local services were […]

Montclair Reassessment Causes Rise In Tax Assessments For Some

  From The Montclair Patch: With the decline the housing market, Montclair property owners have filed 3,724 tax appeals since 2007. The appeals reduced the assessed value only on the properties whose owners successfully appealed. With only a portion of properties being adjusted to market value, an unfair shift in the tax burden was created […]

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