micmaher99

micmaher99 t1_iyartt2 wrote

Reply to Corrupted Jersey City Property Taxes by NTend7777

Yea, the state will continue to have Jersey City taxpayers pay a larger portion of the school bill. I'd guess it's another 2 years of $1000/year increases, at least. By some estimates JC is still $100 mill short of paying it's "fair share" for schools. It's unfortunately not going to get better.

https://www.google.com/amp/s/www.nj.com/hudson/2022/03/jersey-city-slams-1600-school-tax-hike-but-education-group-says-sides-need-to-figure-how-to-make-that-work.html%3foutputType=amp

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micmaher99 t1_iu8qz3i wrote

Reply to comment by Ok_Flight2055 in So the property tax bill for Q4 finally posted, 8 days before the bill is due... by The_Nomadic_Nerd

I'm telling you what I did to get my property tax lowered via the online portal earlier this year. Yes the pdf explaining the appeal process says the appraisal for financing is not admissable as evidence before the tax board unless the appraiser is at the hearing. But I submitted the appraisal as evidence and the assessor settled before a hearing.

My sale was outside the October - October date range. So were all of the comps in my financing appraisal. My appeal was still successful.

You're correct on the 15% threshold, good call there.

I'm sure for more complex property tax appeals or for higher value properties you need an appraisal where the purpose and use is a property tax appeal, but for a 1 or 2 bedroom condo with a recent sale price that shows the assessment is wrong by 15%+, my experience is the assessor will lower the assessment if you file the appeal yourself.

Edit to say your post makes a lot more sense when I see your other posts are advertising for tax appeal services.

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micmaher99 t1_itodb8d wrote

Reply to So the property tax bill for Q4 finally posted, 8 days before the bill is due... by The_Nomadic_Nerd

For anyone who bought this year, you can use the comparable sales in the appraisal you got for mortgage in your tax appeal, fill out the form online for $30, and there no need to pay an attorney. I did it myself this year. Everything you need is your sale price and in the appraisal. The website is https://secure.njappealonline.com

You need to look up the assessment, then the equalization ratio, to get to what the city thinks the market value is. Compare that to what you paid. In NJ as long as it's off by more than 10% it should be a pretty painless appeal. But basically if an attorney sent you the paperwork all the info is right there, except if you do it yourself you'll save the several hundred to a couple thousands of dollars in attorney fees.

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