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new jersey tax appeals.

Settling Out Of Court Less Taxing, State Finds

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax, nj tax appeals, property tax appeal , on April 13, 2012

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

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax, nj tax appeals , on April 10, 2012

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 […]

America’s Highest Property Taxes

Posted by Peter Jordan in new jersey tax appeals , on April 9, 2012

When Christie became governor, New Jersey had the highest property taxes in the nation. Even if he were to serve two terms, we could still count on our state keeping that crown. The reason: spending. New Jersey splurges more than any other state on K-12 education, has more police per capita than any other state, […]

Reassessments Causing Furor

Posted by Peter Jordan in new jersey tax appeals , on April 7, 2012

To ensure an equitable and fair redistribution of a tax levy – so that all property owners share the tax burden of the town equally – a town-wide revaluation is often undertaken. Every real property must be assessed by the same standards of value in New Jersey and must be assessed for taxation according […]

Comparables As “Arms Length Transactions”

Posted by Peter Jordan in new jersey tax appeals , on April 6, 2012

Homeowners I find will often make the often fatal mistake of using distressed sales as comparables, assuming this is allowable. What needs to be understood is that each comparable sale used must be what is referred to as an “arms-length transaction.” This would exclude sheriff sales, short sales, REOs (bank foreclosures) or sales between […]

Appeals In Garden State Keep Climbing

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals , on March 30, 2012

Used to be tax appeals by homeowner’s were a minority. No more. Each year tax assessors find themselves with an increasing number of appeals, as homeowner’s continue their assault on the inequality of assessments. PROPERTY TAX APPEALS | APP.com | Asbury Park Press www.app.com There were 74,227 property tax assessment appeals filed by New Jersey […]

How to Avoid Unfair Property Taxes; Top 15 Highest Property Tax Counties (ABC News)

Posted by Peter Jordan in cranford new jersey tax appeals, new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals, property tax appeal, scotch plains new jersey tax appeals, westfield new jersey tax appeals, westield nj property tax appeal , on March 17, 2012

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 […]

Income tax cut? Property tax is N.J.’s real problem (Star-Ledger)

Posted by Peter Jordan in cranford new jersey tax appeals, montclair new jersey tax appeal, new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals, property tax appeal, scotch plains new jersey tax appeals, westfield new jersey tax appeals, westield nj property tax appeal , on February 23, 2012

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 […]

Reassessing Property Taxes (by Alyssa Abkowitz)

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals, property tax appeal, westfield new jersey tax appeals, westield nj property tax appeal , on January 19, 2012

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 […]

Montclair reassessment will impact all property values (Montclair Times)

Posted by Peter Jordan in montclair new jersey tax appeal, new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals , on December 31, 2011

BY LINDA MOSS All Montclair property owners can expect their property tax assessments to change following a reassessment that’s now in progress, some more than others, the company doing the work told the Township Council Tuesday night. Steven Rubenstein of Realty Appraisal Co., himself a Montclair resident, did a presentation to the council at its […]