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 […]
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 […]
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 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
From Press of Atlantic City: Atlantic City Council votes to borrow $102 million to settle tax-appeal debts By EMILY PREVITI Staff Writer pressofAtlanticCity.com …More at Press of Atlantic City
From Asbury Park Press: BARNEGAT — The township has lost more than $2 million from its coffers during the last five years due to property owners filing nearly 7,000 tax appeals to better align their home values with the struggling real estate market, according to officials…. More at Nearly 7000 tax appeals in Barnegat costs […]
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 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 […]
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 […]
From The Fair Lawn Patch: To combat the dramatic increase in the number of tax appeals being lost by the borough in recent years, a reassessment, which involves inspecting all of the town’s properties to ensure fair and equitable value assessments, was approved by council last fall and conducted over the winter by Appraisal Systems, […]