New Jersey Tax Appeal Service - News and Events

New Jersey Flooding Lowers Taxable Property Values

bergenadmin — Thu, 01 Sep 2011 20:22:16 +0000

Jeffrey C. Herold, a property tax consultant at Bergen-Essex Tax Appeal Service advised that “Finished basements usually add $5,000 to $30,000 to equalized assessed values. If your finished basement was destroyed or the level of flood water in your garage makes vehicle storage impractical you probably have grounds for a tax appeal”.

The valuation date for the 2012 tax year is October 1, 2011. Hurricane Irene will therefore impact the 2012 tax appeals that are currently being filed.

Commercial property owners who were impacted by lost income or restoration costs also have grounds for an appeal if net income was reduced.

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Bergen-Essex Tax Appeal Service reports a 100% success rate to date in all of its 2010 tax appeals!

bergenadmin — Tue, 19 Jul 2011 19:26:43 +0000

Jeffrey C. Herold, a property tax consultant for Bergen-Essex Tax Appeal Service, confirms that “ all of our 2010 tax appeal cases have either been settled for 2010 and 2011 or are still awaiting a trial date before the New Jersey Tax Court”.

Herold with 50 years experience in all phases of New Jersey real estate explains that “the key to the companies success is that we combine the talents of experienced tax appeal attorneys with real estate experts who have the ability to build a solid case. We then present that case at the County Tax Board and, if necessary, the New Jersey Tax Court at no additional fee.”

Bergen-Essex Tax Appeal Service with offices in both northern and southern New Jersey handles residential, commercial and investment property tax appeals throughout the State of New Jersey.

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No Chapter 91 Request?

bergenadmin — Tue, 11 Jan 2011 16:40:19 +0000

Bergen -Essex Tax Appeal Service always advises their commercial and investment property clients to be sure to provide property information to their tax assessors upon written request as required by NJSA54:4-34(commonly referred to as Chapter 91) The information that you provide is primarily income and expenses. We suggest that you call us before completing the form.

Our greatest concern is the tax assessors that choose to remain ignorant about current income and expenses and continue to tax your property based upon income derived prior to the recession as well as the low vacancy and collection costs during that period. Commercial, Industrial and Investment properties are also selling at a capitalization rate of about 1 1/2% higher than during the 2004 to 2007 market resulting in a 15% to 20% value reduction even if your income and expenses remained unchanged.

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New Jersey Property Tax Appeals will reach an all time High in 2011

bergenadmin — Thu, 30 Sep 2010 15:30:20 +0000

Property tax appeals will reach an all time high in the State of New Jersey this year predicts Jeffrey C. Herold, a Property Tax Consultant at Bergen-Essex Tax Appeal Service. Our review of sales from October 1, 2009 – October 1, 2010 indicates a continued decline in property values and a greater opportunity for tax savings this year.

Most real estate values have dropped between 20-30% since the peak in the market in early 2007, however many Municipalities continue to tax based upon inflated values giving property owners the opportunity to appeal their assessments and save thousands of dollars per year.

New Jersey Municipalities reduced assessments $2,733,726,160 last year, which according to Herold accounts for appeals from only about six percent of New Jersey property owners. Tax Assessors value your property as of October 1st each year; if you feel your property is over assessed now is the time to act.

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The New Jersey Property Tax Valuation Date is one month away…

bergenadmin — Wed, 25 Aug 2010 15:14:09 +0000

Don’t you think you should consider what a tax reduction will mean to your bottom line? The October 1, valuation date is the date that the State of New Jersey determines the value of your property. Call us, so that we can explain our low contingency fee property tax appeal program. No Savings=No Fee. It is very possible that your real estate taxes can be reduced by 20% to 25% due to the reduction in real estate values. Isn’t it time to file your property tax appeal?

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Ocean County has the Highest Property Taxes in New Jersey

bergenadmin — Tue, 17 Aug 2010 19:36:02 +0000

New Jersey has the Highest Property taxes in the Nation and…

Ocean County has the Highest Property Taxes in New Jersey. There was over $520,000,000 of assessment reductions in Ocean County last year, with Bergen County coming in second at $427,000,000 of assessment reductions. Jeffrey C. Herold, Property Tax Consultant at Bergen-Essex Tax Appeal Service encourages property owners to file their tax appeals in this market while many values are depressed below assessed values. Review Tax Savings Calculation at www.bergen-essextaxappealservice.com.

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Property Tax Appeal, NJ Property Tax Relief – Stop over paying Property Tax in New Jersey

admin — Tue, 10 Aug 2010 16:31:48 +0000

New Jersey has the Highest property taxes in the nation making it increasingly difficult for residents to afford to live in this State. Very often, property has been assessed at an unfair rate and therefore, you are being overtaxed.

Property Tax Relief can only happen if you appeal the assessment. You can appeal property tax assessments yourself. The appeal process can be difficult to navigate because you must be able to prove that your adjusted assessed value is not in line with property values. This requires research and expertise that the average citizen does not possess. Additionally, the tax board attempts to discourage appeal warning that unsuccessful appeal can result in higher, not lower taxes.

Bergen Essex Tax Appeal Service – we have the expertise and resources to win your tax appeal and will take your case all the way to the NJ Tax Court on your behalf at no additional cost.

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