BOONTON, CHESTER, MINE HILL AND MT.OLIVE TWP. RESIDENTS HAVE UNTIL MAY 1  TO FILE AN ASSESSMENT APPEAL

 

Maybe you've already filed your tax assessment appeal, now what?

You're waiting for your day in Tax Court. Are you ready?

"The taxpayer must be persuasve and present creditable evidence. Creditable evidence is evidence supported by fact, not assumptions or beliefs," according to the Morris County Board of Taxation pamphlet Proper Preparation for Tax Appeal Hearings

If you gave good supporting evidence, the list of comparable sales on the petition for appeal, your municipal assessor may contact you to discuss a possible reduction. If you have submitted an Appraisal, your chances of getting heard are much better.

AS LONG AS YOU FILED YOUR PETITION FOR APPEAL, YOU CAN STILL SUBMIT AN APPRAISAL AS EVIDENCE.

Here's a typical scenario. You did your due dilligence, presented the comp list with the Petition for Appeal, and you're seeking a 15% total assessment reduction. The comps are pretty good, but you know one was a divorce, and one was in older condition, but still, the evidence is pretty good. The assessor offers a 5% assessment reduction.  It's better than nothing, but why is he offering you any reduction without even having an appraisal in front of him?

Do you have the  supporting evidence to WIN your appeal? 

The best way is with an appraisal. An appraisal specifically designed to target an inaccurate assesssment.

  

leftAssessment appeal services

We in New Jersey live in the highest taxed state in the nation. Don't add to your tax burden by paying too much in local real estate taxes because your home is assessed too high.  

 

FILING TAX ASSESSMENT APPEALS STARTED JANUARY 1, 2011 AND ENDED APRIL 1 2011.

 

IF YOUR TOWN HAS HAD A REVALUATION OR A REASSESSMENT, YOU HAVE UNTIL MAY 1 2011. 

 

AS LONG AS YOU FILED YOUR PETITION FOR APPEAL, YOU CAN STILL SUBMIT AN APPRAISAL AS EVIDENCE.

 

IF YOU ARE PAYING $7,000 PER YEAR IN PROPERTY TAXES A 15% REDUCTION EQUALS $1050 IN SAVINGS THE FIRST YEAR ALONE. THAT'S OVER TWICE THE AVERAGE $500 APPRAISAL FEE. Then the savings continue until the next town wide revaluation or you significantly improve your homes value through renovation or expansion.

 

Local tax assessors mostly rely on home revaluation companies to inspect every house in town, and to accurately report their findings. These revaluation inspectors do not have to be appraisers and errors in calculating your homes square footage, accurately reporting your homes features, condition or location do occur.


Please note: It makes sense to do your own research before determining whether to go forward with a property assessment appeal, especially before you make the decision to hire a professional appraiser. However, according to the Uniform Standards of Professional Appraisal Practice (USPAP), we are not allowed to take "shortcuts" -- i.e., your research -- and use it on its face as part of our independent evaluation. When you hire us for an assessment appeal, you're commissioning  an independent, third-party professional appraisal report. As such we do our own evaluation, beginning to end. If you're right that your property has been overvalued, an independent report such as ours will be even more persuasive than any other evidence you can marshal on your own. But it depends on our ability to do the work independently.

 

Sometimes, you will have a hearing on your assessment appeal and will need for the appraiser you've hired to testify on your behalf. Be assured that at Beyrent Residential Appraisals, we are able to professionally and persuasively testify at appeal hearings.  Browse our website to learn more about our qualifications, expertise and services offered.