“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 and treasurer, during the July 25 Township Committee meeting. “We are under that order because of the extraordinary number of tax appeals that have been filed on behalf of the homeowners, residents and property owners. They have told us we need to revalue our properties.”

 

…More at MANSFIELD: Tax appeals lead to mandated reassessment – Packet Online

Similar Articles

Assessing Your Assessemen... 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
Tax Appeal Scams Prevalen...   From Patch: Scammers are offering information that is useless and free for a cost, the Atlantic County Board of Taxation announced on Tuesday morning, March 19.
Hurricane Sandy Victims C...     From New Jersey 101.5: Hurricane Ravaged Homes Could Mean Tax Assessment Reduction [AUDIO] New Jersey 101.5 FM Radio If your home suffered significant damage or
Why Not Everyone Embraces...   In many towns throughout New Jersey, property assessment values have failed to be adjusted relative to their market (or “True”) values.  In towns such as Jersey
Comparables As “Ar...   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
Borgota Hits $50m Tax App... From NJ.com: In the latest blow to Atlantic City’s finances, the Borgata Hotel Casino and Spa has won a tax appeal worth nearly $50 million from the
NJ Homeowners To Receive ...   Sеvеrаl weeks ago, homeowners асrоѕѕ thе state wеrе ѕеnt official notices detailing thеіr property’s assessed value, а figure thаt plays а key role іn determining јuѕt
Rutherford Plans Revaluat... From NorthJersey.com: Both the state and county have ordered Rutherford to carry out a borough-wide revaluation of all property values to their true market value. And it
Princeton U’s Non-P...   Packet Online PRINCETON: State appeals court refuses to throw out challenge to university’s … Packet Online Princeton was trying to reverse a decision by tax court
Montclair Reassessment Ca...   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
Increasing Number of Tax ... From National Real Estate Investor: State governments desperate to feed municipal coffers are pushing more property tax appeals into litigation, and property owners are finding it difficult