Valuation Solutions: Tax Appeal » assessor

Jurisdictional Limit Raised

mocohn — Mon, 25 Jan 2010 02:28:39 +0000

A bill signed by Governor Corzine on January 16, 2010 raises the Jurisdictional limit to $1,000,000 from $750,000 for filing a tax appeal directly with the Tax Court.

Find Tax Appeal Appraiser Monmouth County

mocohn — Sat, 28 Nov 2009 04:24:23 +0000

Monmouth County Appraisers

mocohn — Thu, 26 Nov 2009 23:21:41 +0000

Find Tax Appeal Appraiser Monmouth County

mocohn — Thu, 26 Nov 2009 04:42:12 +0000

Reconcile these statistics.

mocohn — Sat, 14 Nov 2009 03:07:14 +0000

Mortgage applications were at 9 year low according to Mortgage Bankers Association. The survey is for the week of November 6th. Applications by home purchasers fell 11.7%. This is the lowest level since December 2000. The NAR reported a 5.9% increase in resales compared with the third quarter of 2008. How do we reconcile the fact that mortgage applications by home purchasers are down 11.7% yet resales are up? Substantial number of these sales may be cash sales, not involving applications for a mortgage. I don’t have information on the ratio of approved mortgages, but variations in approvals may have an impact on the statistics quoted above. This information is relevant to the tax appeal process. Often assessors so called distressed sales as non arm length transactions and do not include them in the figures used to calculate the ratio in their town. Such practices should be scrutinized especially in markets where short sales and foreclosures are an important factor in the market.

Homeowners Appealing Their NJ Property Taxes

mocohn — Sat, 07 Nov 2009 12:52:01 +0000

Few important issues to remember when appealing your property taxes.

Deadline for tax appeal is April 1 in most cases.

Date of Value of the property is October 1 of the previous year.

The assessed value differs from the implied value by the assessor which should be addressed.

For professional help with your appraisal only, call Valuation Solutions.

Tax Appeal Chapter 91

mocohn — Thu, 05 Nov 2009 04:48:54 +0000

Chapter 91 requests enable assessors to gather income and expense information on income producing properties and is used in the valuation of such properties , using the income approach. Appellants who did not respond to chapter 91 requests usually within 45 days are likely to lose their ability to appeal their taxes.

If you contemplate filing a tax appeal and the subject is an income producing property or property that is capable of producing income, respond within 45 days to a chapter 91 request by the assessor.

Mercer County Tax Appraiser

mocohn — Sat, 31 Oct 2009 04:46:28 +0000

Middlesex County, Ratios for Tax Appeal 2010 Valuation Solutions

mocohn — Fri, 30 Oct 2009 04:27:10 +0000

Essex County Ratios, Tax Appeal Valuation Solutions

mocohn — Tue, 27 Oct 2009 04:06:30 +0000