Valuation Solutions
Tag Archives: NJ Property Tax
Tax Court of New Jersey Local Property Tax
Appeal from County Board of Taxation
A local property tax appeal for review of an assessment of $750,000 and under must first be
filed with your county Board of Taxation. You would then file with the Tax Court if you are
unsatisfied with that judgment and wish to appeal the county Board of Taxation judgment.
SEE LINK FOR TAX COURT OF NJ UNDER
http://njtaxappraiser.com
We have done work for Tax Court
Homeowners Appealing Their NJ Property Taxes
Few important issues to remember when appealing your property taxes.
Deadline for tax appeal is April 1 in most cases.
Date of Value of the property is October 1 of the previous year.
The assessed value differs from the implied value by the assessor which should be addressed.
For professional help with your appraisal only, call Valuation Solutions.
Pennington Mercer County Appraisers
Hackettstown, Warren County 07840
Market Statistics for Hillsborough, Somerset County
For the period October 1, 2008 through September 30, 2009, the GS MLS reported total sales of (344) single family dwellings inHillsborough Township , Somerset County, NJ. The average selling price was $358,954 average DOM was 82 days and average SP/LP was 96%
For the period October 1, 2007 through September 30, 2008 the GS MLS reported total sales of (447) single family dwellings inHillsborough Township. The average selling price was $396,549, average DOM was 77 days and average SP/LP was 97%
Based upon these statistics, it appears that there has been a price decline of 9.5% in the average sales price. Obviously, the data presented above are impacted by the product mix.
Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.
We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Hillsborough Township has been undergoing revaluation recently for 2010.
Green Brook, Middlesex County NJ
Another Monroe, middlesex County Appraisal
Market Statistics for Rochelle Park, New Jersey
For the period October 1, 2008 through September 30, 2009, the NJ MLS reported total sales of (38) single family dwellings in Rochelle Park , Bergen County, NJ the median selling price was $328,600 average DOM was 99 days and SP/LP was 89%
For the period October 1, 2007 through September 30, 2008 the NJ MLS reported total sales of (41) single family dwellings in Rochelle Park. The median selling price was $360,000, average DOM was 93 days and SP/LP was 90%
Based upon these statistics, it appears that there has been a price decline of approximately 8.9% in the median sales price. Obviously, the data presented above are impacted by the product mix.
Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.
We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Rochelle Park has undergone revaluation recently for 2010



