Valuation Solutions: Tax Appeal » Dr. Moshe Cohen Valuation Solutions

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.

Hudson County Tax Appeal Ratios Valuation Solutions tion Solutionsatios

mocohn — Sun, 08 Nov 2009 05:42:43 +0000

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.

Somerset County Tax Appeal Valuation Solutions

mocohn — Mon, 02 Nov 2009 11:26:40 +0000

Market Statistics for Hillsborough, Somerset County

mocohn — Mon, 02 Nov 2009 04:54:37 +0000

For the period October 1, 2008 through September 30, 2009, the GS MLS reported total sales of (344) single family dwellings in Hillsborough Township , Somerset County, NJ. The average selling price was $358,954 average DOM was 82 days and average SP/LP was 96%

For the period October 1, 2007 through September 30, 2008 the GS MLS reported total sales of (447) single family dwellings in Hillsborough Township. The average selling price was $396,549, average DOM was 77 days and average SP/LP was 97%

Based upon these statistics, it appears that there has been a price decline of 9.5% in the average sales price. Obviously, the data presented above are impacted by the product mix.

Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.

We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Hillsborough Township has been undergoing revaluation recently for 2010.

Sussex County Tax Appeal Valuation Solutions

mocohn — Sun, 01 Nov 2009 13:51:05 +0000

Mercer County Tax Appraiser

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