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TAX
ASSESSMENT APPEAL WINNERS LAST YEAR!
| Type
& Property Location |
Old
Tax Assessment |
Success-New Assessment |
Tax
Savings Using Us |
| 07071Lyndhurst,
NJ |
$495,600 |
$425,000 |
$70,600 |
| 07632 Englewood
Cliffs, NJ |
$2,617,200 |
$2,300,000 |
$317,200 |
| 07666 Teaneck,
NJ |
$500,600 |
$450,000 |
$50,000 |
| 07450 Ridgewood,
NJ |
$1,842,200 |
$1,600,000 |
$242,200 |
| 07470 Wayne,
NJ |
$382,500 |
$341,400 |
$41,100 |
| 07086 Weehawken,
NJ |
$378,400 |
$325,000 |
$53,400 |
What
about free tax appeal consultation? Can you take our tax appeal
case based on contingency? Wy should we pay you when we have
attorneys and lawyers willing to file our tax appeals for
free and take a split of our real estate tax savings they
win. Our past clients have all asked these questions and more
but most of all the ask can I file a tax appeal? Because we
are real estate experts, specialists in tax appeals we only
take cases we can win in tax appeal appraisals. Our track
record is proof you have the right team on your side.
Should you file an assessment appeal? We
are specialists who specialize in tax appeal appraisals. Our
track record is proof you have the right team on your side.
It�s been our opinion your tax appeal should be handled by
professionals because your appeal is an overwhelming task
and a �ad valorem hoop� they make you jump through.
If you are appealing your real estate property taxes or assessment
or value of an Added Assessment, you will be required, at
the time of the hearing, to present testimony from which the
Board can determine the market value of your property as it
stood on October I of the pretax year and the market value
it would have had if the new improvements were completed at
the time.
FREE QUOTE "Friendly
Service" Call Us: 201.370.1193 or email us
need_appraisal_quote@appraisal-values.com
The Added Assessment should reflect the
difference between the two values prorated for the number
of full months remaining in the tax year after completion.
Oh by the way, in the event the petitioner is a business entity
other than a sole proprietor, the appeal must be handled by
an Attorney-At-Law who can practice in the State of NJ. Again
another overwhelming task called the �hoop� to jump through.
See the scenario. Taxation without representation.
They want you to think it�s easier to just
pay the real estate taxes then fight the appeal with the right
team. The New Jersey Legislation adopted a formula known as
Chapter 123 in 1973 to test the fairness of an assessment.
Once the Tax Board has determined the true market value of
a property during an appeal, they are required to automatically
compare the true market value to the assessment. You can file
an appeal for 100% only in a revaluation or reassessment year.
Any other year the County Board of Taxation finds that the
ratio of assessed value to true value of property under appeal
exceeds the fair market value equalized by 15% then the property
owner has a case. In the past we have assisted NJ Certified
Tax Assessors� in performing Revaluations, Mass Appraisals
for municipalities, Added and Re-assessments. We also specialize
in the legal community for tax appeals, probate, bankruptcy,
condemnation, divided interest and estate appraisals. We have
appraised a vast amount of property types including: residential,
commercial, investments, retail, office, industrial and vacant
land are specialists in helping taxpayers reduce their taxes
by properly preparing for a real estate tax appeal.
We have performed real estate tax appeal
appraisals for the in Bergen County Board of Taxation, Passaic
County Board of Taxation, Hudson County Board of Taxation,
Morris County Board of Taxation. Our appraisals assist taxpayers
in properly preparing for a tax appeal hearing and/or NJ State
Tax Court. We have performed ad valorem real estate tax appraisals
since 1990 for various governmental bodies including County
Boards of Taxation and NJ State Division of Taxation and State
Tax Court.Appraisal-Values.Com recognizes the appeal process
is made so ambiguous that tax payers become overwhelmed. We
have developed a service that aids the property owner. It
is essential taxpayers understand they must prove their assessment
is unreasonable compared to a market value standard and that's
where we are of valuable service. Your current assessment
is by law assumed to be correct. You must overcome this presumption
of correctness to result in an assessment change and Appraisal-Values.Com
provides that service.
In order for an assessment to be deemed excessive
or discriminatory, a taxpayer must prove an assessment does
not fairly represent one of the two standards: Following a
revaluation, all assessments must represent 100% of true market
value as of the previous October 1. The October 1 pretax date
is called the annual assessment date. All evidence submitted
in a tax appeal must be on or near the assessment date, especially
property sales used as comparables.
The other standard is the "common level"
or common level range established in your municipality. To
explain the common level range you must consider what happens
following a revaluation or reassessment. Once a revaluation
or reassessment is completed, external factors such as inflation,
appreciation, and depreciation may cause values to increase
or decrease at varying rates. Other factors such as physical
deterioration may contribute to changes in property values.�
The State Division of Taxation annually conducts
a fiscal year sales survey, investigating most property transfers
that occur in your community, with your local assessor assisting.
Every sale is compared individually to every assessment to
determine an average level of assessment in a municipality.
An average ratio is developed from a sampling of property
sales to represent the assessment level in your community
except certain assessors disqualify sales for NU#'s. In any
year, except the year a revaluation or reassessment is implemented,
the common level of assessment is the average ratio of the
district in which your property is situated and is used by
the Tax Board to determine the fairness of your assessment.�
Owners of rental income properties must supply
an income statement at the time of filing on special forms
provided by the Tax Board. Since the income generated by a
property has a direct bearing on the owner�s ability to market
the property, and therefore its value, this evidence may be
useful in arguing both sides of an appeal.If you are dissatisfied
with the judgment rendered by the Tax Board, you will have
45 days from the date your judgment was mailed to file a further
appeal with the Tax Court of New Jersey. If your property
is assessed for more than $750,000, you may file directly
with the Tax Court by April 1st annually.
A taxpayer filing an appeal should consider the following
questions.
1.
What was the market value of my property last year?
2. Can I support
my conclusion of market value with credible evidence prepared
by an appraiser?
3. Is my property
assessed in excess of its market value if a reassessment/revaluation?�
Count on us for your accurate assessment
value. We are your tax appraisal specialists ready to handle
your value. Call us at 201.370.1193 or email use at: need_appraisal@appraisal-values.com
We will be pleased to help you ASAP.
The Law is clear, in NJ appraisers must be
licensed to practice appraising. Your Realtor is not
permitted to prepare an appraisal sorry no real estate agents!
The State of New Jersey forbids real estate sales licensees
(Real estate agents) from appraising real estate in NJ.
Our appraisals are performed by qualified licensed, insured
and certified residential or commercial appraisers in northern
New Jersey. Our professional appraisal services are
not discounted by the courts but welcomed as informative professional
opinions for litigation.
Our offices are located in north Jersey and
service only Bergen County, NJ, Passaic County, NJ, Morris
County, NJ, Essex County, NJ Hudson County, NJ. This is it.
We couldn't possibly estimate market value all over the entire
state of New Jersey like some others we know. That's why we
are the leading provider of forward looking real estate values,
evaluations, valuations and revaluation and added assessments
for the public, municipalities, mortgage lending institutions.
Call us at 201.370.1193 or email use at: need_appraisal@appraisal-values.com
We will be pleased to help you ASAP. We have full time experience
in the real estate valuation business since 1990.
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