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Old 12-29-2018, 03:54 PM
 
275 posts, read 213,894 times
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I have noticed that property taxes bills for Lakewood have a discount called "920 Reduction". Does anyone knows what this is? And also, does it go away when a new owner takes on possession of a property? I have also noticed mad sudden jumps of up to 20% in one year. Is that normal? Meaning, does it happen when one does renovation and/or buys a house regardless if no renovation is done? How often are the assessments performed? Thanks in advance for any info.
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