Thursday, March 12, 2009

NJhomesource.net advises what you can do to avoid being over-assessed

Are you paying too much in taxes? I'm sure everyone answered yes to that question, but the truth is if you live in Ocean County, Atlantic County or Sussex County, there is a very real chance that your property has been over-assessed.

New Jersey allows a fifteen percent margin of error, but reports have shown Ocean County properties are over-assessed by as much as 45%. According to a researcher for Easytaxfix.com, possibly 29% of all New Jersey homes are over-assessed. To keep this from happening, all the average homeowner need do is compare the assessed value to the current market value and file an appeal if needed.

There is nothing wrong with checking out your home assessment right now. Go to Easytaxfix.com and plug in your address and zip code. If you find out you have been over-assessed, you can choose to file your petition on your own, or for a fee, the website will help you get it started.

Homebuyers can usually avoid the sticker shock of a giant tax bill by using a professional real estate associate. It is one of the many disclosures that I make to my clients as I work to meet their needs.

However, if you have been in your home for a while, the market has been up and down. It is worth your time to see how your home stacks up in market value to assessed value today. Who knows? It might be time for a move! If you want to consider the possibilities, please give me a call at 609-587-9300 ext. 403 or 609-658-2612. I can't wait to talk with you.

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