The tax bill offers a highly personalized context to connect our property (the basis of our property tax) with the larger system of property taxation in the community (which involves the levy, the tax base, and the resulting tax rates). But the tax bill is not entirely transparent as to: determining if the assessed value...Continue reading
Throughout this series I am using resources and links from a variety of sources. I’m sharing as I go and will update this page as the series progresses. Helpful initial resources: NEW JERSEY HOMEOWNER’S GUIDE TO PROPERTY TAXES TOOLKIT. This is “a comprehensive resource answering homeowners’ everyday questions about how their home’s value is assessed, how...Continue reading
Let's take a look at how a tax bill comes together. It's an interesting and empowering exercise to tie your local government budgets - and the property taxes needed to fund them - to your personal property tax.Every year, the state publishes town-by-town property tax data here that includes a wealth of information including tax...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.