Understanding the building blocks for a successful property assessment tax appeal

emphasizing 2014 Property Assessment change details.

ATTENTION MONMOUTH COUNTY NJ

PROPERTY OWNERS
ASSESSMENT APPEAL APPLICATION DEADLINE

JANUARY 15 2014

(PREVIOUSLY THE DEADLINE WAS APRIL 15)

 

In march 2013, Gov. Christie signed into law chapter 15 P.L 2013 known as Assessment demonstration Program to begin in tax year 2014. The Monmouth board of Taxation and the Monmouth County of Assessors has decided to be the first in the state to take on this cost saving project. Many changes will be put in place over the next FIVE years. 

1. Remember the Assessor is ALWAYS right about your assessment unless you want to lose.
2. Remember that your assessment was created on October 1st of last year. Example October 1st 2012 for the year 2013.
3. Alwys find 3 good reasonable sales and find those closed  sales between January and December of last year. Example 2012 for tax year 2013.
4. Remember NOT to talk about your neighbor's assessment unless you want to lose. 1 strike
5. Rember NOT to mention your own property taxes unless you want to lose. 2 strikes
6. Breaking up your assessment between land and building is a sure way to weaken your case for reduction. 3 strikes
7. While you may not rest on the 7th day, the Assessor does!
8. consider if you are the expert or if you NEED an expert (appraiser etc) . Experts have boundaries and lend credence to the sales.
9. Contrary to what you may think, you may need an Attorney, especially if you are an LLC or Corp. Any and ALL experts MUST be with you at the meeting!
10. Chapter 123 - is a "cautionary tale" of potentially winning the battle but losing the War.
11. Consider filing your appeal and documentation Online.
12. ALWAYS BE CONFIDENT! Do not be distracted and always give an honest courteous response.
13. ALWAYS Direct your remarks and responses to the Commissioner, not necessarily to the Assessor, Attorney or the Representative from the Revaluation company.
14. Always start your testimony by describing you house, land, or building. Example: the style, how many bedrooms, how many baths, basement/no basement, garage/no garage, deck, fireplace, air conditioning, are you on a busy street or not, do you have a water view or are you on the waterfront, the size of your lot - describe the condition of your home in terms of good, average, fair or poor.
15. BE PREPARED to tell the Commissioner in a sentence or two why your Assessment does not represent Market Value.
16. COMPARE and describe the closed comparable Sales you selected ending withthe closed price and date it closed
17. Confidently End with YOUR Opinion of what you believe the value of your property should be based upon your comparable sales information which you presented.

Waterfront Condos along the Jersey Shore in Long Branch

Waterfront Condos along the Jersey Shore in Long Branch
I am constantly asked by prospective buyers looking to purchase a condo with "absolute ocean views" or a "waterfront condo" or a "condo on the ocean" oh yes and it must be under $200,000. Well that just does not happen and then they get very disappointed. So I decided to start writing about the different condos, townhouses that are specifically in Long Branch along the ocean and on ocean ave. For ease of use I am doing it alphabetically and will include address as well as map for visual aid.
Please feel free to contact me any time with questions you may have on these condos in Long Branch or other towns.
So we will now start with the Anchorage

Come and get away at the Anchorage, located 480 Ocean Ave., in one of the most up and coming towns on the Jersey Shore! This ocean front high rise building in the section known as west end offers comfortable living at a great price. Also a perfect escape from the hustle of the city, just step out your door and you're on the beach! Get cozy in a one or two spacious bedroom unit here at Anchorage. Relax on the balcony and enjoy direct water views, side views of water or wake to glorious sunrises from the large bedroom windows. Wind down with the re-modeled in-ground pool, exercise room, sauna and clubhouse. Literally steps to the ocean, this high rise is ready for your occupancy!
As with many condos along the Jersey Shore this is a no pets condo.Anchorage maintenance fee includes common area, exterior maintenance, snow removal, trash removal, sewer, water management fee. 2008 SOLD price range for a 1 bedroom 206,000 - $310,000
prices are affected by floor level and water views as well as updates if any were made
Nothing has sold yet in 2009,
Search for Anchorage Condos
Anchorage General Info:
Incredible views of the Atlantic Ocean
Walking distance to Pier Village
Minutes from Garden State Parkway
Anchorage Recreation:
Recreation room, exercise room and pool
Boating, fishing, and all water activities
Boardwalk along water
Anchorage Living Features:
Reserved parking
Laundry room on every floor
Waterfront

42 Riverside Oceanport NJ

42 Riverside Ave Oceanport
Back on the Market.