The market value of my house set by the Middlesex County is $370,000.00 but the present market value is $270,000.00.
How can I reduce the property taxes paid in my house? What do I have to do?
You will need to obtain the appropriate forms from the Middlesex County Board of Taxation. I believe there is a $5.00 filing fee for residential properties. It is best that you do not navigate this appeal alone and that you retain counsel to assist you. You will need to obtain comparable sales to support your position or retain a licensed NJ appraiser to not only do a report but testify at any hearing.
IMPORTANT LEGAL NOTICE: The response to the question posted is not legal advice and it does not create an attorney-client relationship. The response is intended as general information based upon the facts stated in the question, and is provided for educational purposes of the public, not any specific individual. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Responses are based solely upon New Jersey law.
You can appeal your assessment. You must do so by April 1. There are many attorneys who do this on a contingency. You can check with the Middlesex County Bar Association.
Marty Davidoff, [email protected], 732-274-1600. This answer is provided for general information only. You should seek advice from an attorney or tax professional.
Appeal your assessed value. This happens quite a bit nowadays because the prices of homes have stayed depressed for so long and the counties are fighting to keep those revenues up.
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