Important Facts Regarding Your Appeal:
Before filing an appeal, it is strongly recommended the taxpayer check facts and discuss the assessment with the local municipal assessor:
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A taxpayer filing an appeal should consider the following questions.
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What was the true market value of my property on the preceding assessment date of October 1st
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Can I support my conclusion of true market value with credible evidence?
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Is my property assessed in excess of its true market value if a reassessment or revaluaiton was implemented in the current tax year?
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In a non revaluation or non re-assessment year, does the ratio of my property assessment to its true market value exceed the upper limit of the common level range?
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- Tax appeals are on assessments only, not taxes.
- Tax appeals must be timely filed before April 1st (December 1st for ADDED or OMITTED ASSESSMENTS) of the tax year. Timely filing means received by the Board of Taxation, not merely postmarked.
- You must know and prove the true market value of the appealed property as of October 1st, pre tax year.
- True Market Value is determined by:
- Sales Comparisono Capitalization of Income
- Replacement Cost
- All evidence must be submitted to the Assessor and the Tax Board at least seven days prior to the hearing.
- If an appraisal is to be used as evidence, the appraiser must be present to testify.
- In order for your case to be heard, all real estate taxes and municipal charges up to and including the February 1st payment must be current. Failure to comply, will result in your case being dismissed.