Consumers in 2024 are accustomed to modern technology automation (e.g., Netflix streaming, Chat GPT4, etc) but locals governments are slow to catch up. I share that contrast to frame the idea of property reassessments, which is the process of keeping assessed values (the value on your tax bill) updated, or in synch with, market values...Continue reading
This post is meant to help a taxpayer get a jump-start on determining: is my property over-assessed? This post is not intended to cover all nuance that may arise for a particular taxpayer. Nuance abounds, which is why I’ve provided links to the state rules and public data. If you are a homeowner than you...Continue reading
I've got another Revaluation update, this one focused on Neptune Avenue which is an East/West street that stretches pretty much across Jersey City's south Greenville neighborhood. Similar to other Greenville Revaluation-related updates, this is a story of systemic overtaxation that is being fixed with Revaluation. First, some high level details about the data. Appraisal Systems'...Continue reading
March 18 2018. Appraisal Systems released a new batch of assessments on March 16th - the same day Jersey City's public school teachers went on strike. So...this latest update wasn't covered in the news. It should be though; finally, Country Village homes are listed. Per estimates released by Jersey City in December 2017, Country Village...
February 27, 2018. Appraisal Systems released a new batch of assessments this morning and I was most curious about tax change in systemically over-taxed areas. I was hoping streets in Country Village would be listed because, per estimates released by Jersey City in December 2017, Country Village is expected to see the largest dollar-for-dollar tax...
Updated: Feb 19, 2018. Appraisal Systems today published on its website an updated assessments file with about 1,950 new properties added (note: I won’t be updating this page with every single new release from Appraisal Systems…but I have a property tax workshop tonight at Our Lady of Mercy Church and I wanted to be equipped...Continue reading
Learn how to compute if your property tax expense will go up or down in a citywide revaluation. It’s helpful to have a calculator, pen, and paper on hand while watching this video.
Learn the basics about property revaluation in this 8-minute CivicParent tutorial:
Jersey City property taxes, as seen through state compliance data: Jersey City’s last citywide revaluation was in 1988. Jersey City’s 2017 equalization ratio is 23.66%. Jersey City’s 2017 coefficient of deviation is 35.66%. On this map: Green = under-taxed | Red = over-taxed NJ property tax law is based on this foundational premise: assessed values are supposed...
WHO conducted Jersey City’s property revaluation? In 2016 Jersey City hired Appraisal Systems, Inc. for $4.4 million to conduct the revaluation. Here are some helpful links about the firm: ASI’s website page for Jersey City residents here. ASI’s generic powerpoint that explains the Revaluation process is here. This is an excellent overview of the general process....Continue reading
Jersey City is undergoing a multi-month Revaluation process and appraisal firm ASI, Inc. is currently assessing all properties throughout the city. I wrote about the April 3rd Ward “A” revaluation presentation, hosted by ASI, Inc, and one promise from that meeting: that an interactive assessment map would be made available. Good news – that map is now available!...Continue reading
I attended the Ward “A” revaluation meeting on April 3rd and had a chance to listen to a representative from Appraisal Systems, Inc., the third-party appraisal firm hired by Jersey City to conduct the revaluation. Mark Duda presented; he is an ASI executive and the designated ASI “project manager” for Jersey City’s revaluation. ASI, Inc. is one of...Continue reading