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Old 07-04-2007, 07:52 AM
 
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I know some places have already been reassessed while others have not. I'm wondering if there is some way other than calling my borough hall, to find out when that will happen?

Passaic county Clifton NJ

Will we get some formal letter or something to let us know? How does that work?
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Old 07-04-2007, 08:37 AM
 
Location: NJ
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We are in the process of being reassessed. I first saw it in the local paper, then we received a letter from the township. The guy came about 2 months after that (which was about 1 month ago). I asked when the assessments will be complete (in other words, when will our tax bill reflect the new assessment) and he said not until 2008. The guy also gave me the information to appeal (if necessary) once the new figures come out.

You are given a lot of lead time, if that concerns you. From notification to actual implementation for us is about 18 months.
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Old 07-04-2007, 09:37 AM
 
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Thanks tahiti. I was just wondering. Not knowing what will happen to my taxes is somewhat troubling in regards to home sales around these parts. I do know they'll (taxes) probably go up, I'm sure we can count on that here in NJ.

Taxes being reassessed, mortgage interest rates higher, housing boom deflated... = The perfect storm.
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Old 07-04-2007, 11:38 AM
 
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I was considering a move to Matawan NJ. Prior to making an offer on the home, I emailed the tax assessor to ask about assessment procedures. He got back to me right away and gave me a detailed answer as to how and when the assessment will affect residents. I suggest you do the same!!

Good luck!
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Old 07-04-2007, 11:57 AM
 
622 posts, read 2,849,401 times
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Quote:
Originally Posted by mary1977 View Post
I was considering a move to Matawan NJ. Prior to making an offer on the home, I emailed the tax assessor to ask about assessment procedures. He got back to me right away and gave me a detailed answer as to how and when the assessment will affect residents. I suggest you do the same!!

Good luck!


Great. I was thinking of doing that with the South Jersey homes I was looking into. I didn't know if the taxes were based on the actual purchase price or just an assessment after the sale. Houses which are currently assessed at $180k or so, paying $8000 in taxes would then be $16,000 in taxes if I purchased for $360k?!? I wasn't sure how that was done, so I thought I'd call the tax assessor before making a move.

I currently live in Clifton NJ and was only curious as to when and how the assessments were done. I've had friends already assessed but no word on this area yet.
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