New Jersey Senator Tax (Woodbridge: sale, house, live)

[newjersey8]

http://freenjsearch.com/

search for Jon Corzine

Senator Jon Corzine's home sale price is $3,263,581.

Tax Assessed value is $822,400.

How can he get so low tax?

[BobKovacs]

Because the town the house is located in hasn't re-assessed properties in some time, and uses a multiplier to figure out the "assessed values". Every house in the town likely has a similar variance between actual value and appraised value.

When I lived in Woodbridge, they hadn't re-assessed in almost 10 years, and a house that was worth around $300k on the market had an assessed value of something like $45,000. In the end, they got the tax $$ anyway....

[bradykp]

my house was $445,000 and the assessed value is $92,000. it's some odd formula first off all. it will never match the sale price.

[ProudFlag]

my house was appraised " before the crash" at $ 588K back in 2007.
the assessed value was only $110K.

you got time to search and investigate some ex-governor on his house ? damn lol

boy, corzine could be payin whatever amount, bottom line- he's loaded, his kids are loaded.

every single former CEO of Goldman Sachs will retire in the top 1% of all americans