An Analysis of 2015 Jersey City Property Sales – by Ward

This is a guest post from Jersey City resident and mortgage industry professional Susan Kulakowski.  Susan reached out to me after reading my last post, “Property Revaluation 501: Mapping & Color Coding Jersey City Home Sales by Assessment-Sales Ratio.”  She analyzed the map’s underlying data and provided a ward-specific lens into the upcoming property revaluation. She offered […]

Property Revaluation 401: Tax Appeal Math (Chapter 123 Law)

This is part of an ongoing series about property revaluation in Jersey City.  Note: this post presumes an understanding of the equalization ratio, which I previously wrote about in “Property Revaluation 101: the Equalization Ratio.”  With Jersey City officials recently announcing that they would finally move forward with a property revaluation, a common question has emerged: “is my home currently under-assessed, […]

Property Revaluation 101: the Equalization Ratio

This the first post in a series about property revaluation in Jersey City. Jersey City has been growing at a breakneck speed for the past fifteen years.  As a city grows, it is required to stop along the way and revalue its real estate.  This process is termed “revaluation.”  Revaluation is about ensuring that tax assessed values – […]