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Tax Appeals In New Providence Has Town Dipping Into Reserves

Posted by Peter Jordan in new jersey property tax appeal, nj property tax appeal, nj tax, nj tax appeals , on July 6, 2012

From The Independent Press: Among the issues the New Providence Borough Council discussed at its June 25 meeting was a multi-million dollar reassessment of a property in the borough. Council President Michael Genarro gave a run down on a tax appeal settlement for 41 Spring Street LLC. No information was available on the owners of […]

Assessing Your Assessement: The Basics

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals , on April 18, 2012

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

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 […]

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 […]

Tax Bill Appeals Take Rising Toll on Governments (NY Times)

Posted by Peter Jordan in new jersey property tax appeal, new jersey tax appeals, nj property tax appeal, nj tax appeals , on December 24, 2011

By Jack Healy Published: July 4, 2009 Homeowners across the country are challenging their property tax bills in droves as the value of their homes drop, threatening local governments with another big drain on their budgets. The requests are coming in record numbers, from owners of $10 million estates and one-bedroom bungalows, from residents of […]