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How to appeal your Property Taxes in NJ 

SuitTV
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How to appeal your taxes and win! This was done in the state of New Jersey so the process likely differs per state slightly. I appealed my taxes to the township first, and lost. Then I appealed to the county and lost. Finally I took it to the state where they heard me fairly and I won! Overall I saved around $600 for this year, but it was more about the principle!

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15 окт 2024

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Комментарии : 59   
@SuitTV
@SuitTV 2 года назад
Have you appealed your taxes and had any success? What was your experience like? Let me know in the comments below!
@Curlycurly1
@Curlycurly1 2 года назад
The fact that the assessor raised your rate again at the end of it all is crazy. NJ taxes sucks man
@J.R.1986
@J.R.1986 2 года назад
Hey I’m about to appeal my property taxes in Essex County maybe you can provide some assistance perhaps.
@SuitTV
@SuitTV 2 года назад
@@J.R.1986 yea sure. Watch the video and let me know what questions you have.
@J.R.1986
@J.R.1986 2 года назад
@@SuitTV I went ahead and watch the video a few times,however I don’t mind sharing some info with you on my property tax situation for a more realistic answers.
@rickbat007
@rickbat007 8 месяцев назад
Thank you. I am going through a similar situation right now. I appealed the first time when the assessment was double what I had purchased the property for. They came down some but not all. They only increased slightly in the following year. Then right back to the amounts prior to appeal the following year after that. Now building on that I think I have enough to go and ask for a review again. It appears they bank on the knowledge most individuals do not have the time, patients, or abilities to appeal multiple times. It is a truly unfair process and taxes should be universally charged instead of a property valuation that is market based. Either way there definitely should be a limitation of increase as to percentage, like 2% year maximum. This provides the municipality with a steady income stream and landowners with stability. The savings is translated into reasonable rents and improvements.
@rickbat007
@rickbat007 7 месяцев назад
Update I went to the tax board for a review hearing and received a denial as the outcome. The judge agreed in most part but refused to lower the over double assessment.
@shawnemployee6906
@shawnemployee6906 6 месяцев назад
What are you going to do next? Go to the state?@@rickbat007
@jamiemills954
@jamiemills954 8 месяцев назад
Very informative video - thank you. I live in NJ too, but there is no online portal for my local jurisdiction (all manual paper filing and hearings). Really glad you won the appeal. This state keeps getting more and more expensive to live in when many other states are "reasonable". Nice job on the win and good luck with future appeals!
@SuitTV
@SuitTV 8 месяцев назад
Oh man, still using paper?! Thanks I'm glad to have helped a bit. Good luck with your appeal. One other thing I learned after I won the appeal is that the tax assessed value stays the same for 2 years, so the town can't just raise it back up the next year which is really nice. This should be extra motivation to win ha
@dn2l
@dn2l 2 месяца назад
Thanks. Im going to start appealing mines. But first research ty
@EnthusiastsGarage
@EnthusiastsGarage 2 года назад
Solid video. Keep us posted on the 2022 appeal, I hope you crush them in court.
@SuitTV
@SuitTV 2 года назад
Haha thanks will do. It's all about getting some good comps.
@EnthusiastsGarage
@EnthusiastsGarage Год назад
@@SuitTV any update on you 2022 appeal?
@SuitTV
@SuitTV Год назад
@@EnthusiastsGarage hey, I forgot to press the submit button on the application so I was not actually able to appeal in 2022. I was very surprised to find that in 2023 my taxes had gone back down to the 2021 level of 450k! I soon found out that after winning an appeal they cannot raise your taxes for the next year so it looks like they had to revert back to the 2021 level which was great! I expect it to jump back up for 2024 though at which time I'll reevaluate the comps in the area.
@EnthusiastsGarage
@EnthusiastsGarage Год назад
@@SuitTV good to hear. Thanks for the update.
@belleame1064
@belleame1064 2 года назад
I appreciate this video! David and Goliath! Good to know you succeeded against a lawyer and those trained to be unbias with their assessments. Congrats on your win!
@SuitTV
@SuitTV 2 года назад
Thanks. Yes it is, justice was served with a little perseverance
@leytontransaction
@leytontransaction 8 месяцев назад
Great job bro keep fighting the man i’m probably gonna have to appeal mine too
@SuitTV
@SuitTV 8 месяцев назад
Thanks. Good luck with yours!
@Soso0408
@Soso0408 5 месяцев назад
You’re so resourceful
@mimimontgomery8087
@mimimontgomery8087 2 года назад
great video!
@pabloibarrarazo7776
@pabloibarrarazo7776 5 месяцев назад
Thank you!!
@abelernestogonzalez5707
@abelernestogonzalez5707 2 года назад
same think happened to general motor in 1993, you can sue the tax assessment and town if you can claim this was done with malice, crazy u got 100k more for this year
@SuitTV
@SuitTV 2 года назад
Oh wow I never heard of the GM story, I'll look that up. Yea it kinda seems like it's on purpose increasing my house price by that much in one year.
@carolynbrown4112
@carolynbrown4112 2 года назад
What type of issues with the house did you document to help your case? Do home repairs such as needing a new roof, air condition broken or rotten wood count to reducing the valuation of the home? Would taking pictures of needed repairs help your case?
@Soso0408
@Soso0408 5 месяцев назад
Omggg!!! This was amazing
@lorrainesamuel5985
@lorrainesamuel5985 6 месяцев назад
Thanks for sharing
@unityaboriginelove6595
@unityaboriginelove6595 2 года назад
I just appealed mine(2022) in TEXAS. This is my first time ever doing it. I have a new build and my monthly payment jumped to $335 more a month. I was short in escrow because of previous taxes. I'm appealing 2021, too, but I think I'm too late.
@SuitTV
@SuitTV 2 года назад
Wow that's a big jump! Good luck beating it.
@TheJENNIFERHOBSON
@TheJENNIFERHOBSON 2 года назад
No. Today is the due date here in Texas
@dpdip
@dpdip Год назад
I sincerely hope you win against these absolute thieves. Robbery without a gun.
@Curlycurly1
@Curlycurly1 2 года назад
I'm literally about to do this process. I tried to work out a deal and they told me I have to go to the County. I live in NJ too. Its ridiculous
@SuitTV
@SuitTV 2 года назад
Good luck! The comps are the most important aspect. Do your homework, come prepared and hope for the best! But yea the assessed values have gone through the roof the past 2years
@wentinz
@wentinz 2 года назад
I just went through the appeal and want to help others: Tax assessment = Fair Market Value x Average Common Level Ratio. (why are my comments about common level range getting deleted or not shown? Is my information wrong? )
@SuitTV
@SuitTV 2 года назад
I noticed that too. I got the notification about your comment the other day and then went to look for it and it had disappeared. It's not me deleting it... Maybe the govt is lol.
@SuitTV
@SuitTV 2 года назад
Or maybe RU-vid doesn't like that link you shared for some reason
@SuitTV
@SuitTV 2 года назад
Interesting point though about the average common ratio, I didn't know about that
@ModernConcepts
@ModernConcepts 8 месяцев назад
Can you Share your spread sheet?
@eraniaperalta2914
@eraniaperalta2914 Год назад
I live in NJ and want to appeal my taxes but I am still a little confused on what the assessment is based on weather sq ft of homes or sales price. I am not trying to open a can of worms and have my taxes go up even more. Should I hire an attorney? Please help!! I have no clue about any of this. Thanks
@SuitTV
@SuitTV Год назад
Well the purpose of the video is to explain how to go about fighting it without a lawyer. The assessment is based on the market price(what you could have sold it for)of your home last year. That's why you look for comparable sales in your area to help your case that it is worth less.
@monkeyoperator1360
@monkeyoperator1360 Год назад
its based on sqft lot size bedrooms garages bathrooms and anything that is unique such as out buildings ie sheds or barns
@bossbabemama7379
@bossbabemama7379 9 месяцев назад
Great video very informative I’m going through the same thing. Congratulations 🎉
@SuitTV
@SuitTV 9 месяцев назад
Thanks! Good luck with yours
@artofgettingup1984
@artofgettingup1984 Год назад
Don’t vote blue!
@vinceharris2731
@vinceharris2731 Год назад
What town are you in?
@efraincarbaca4728
@efraincarbaca4728 Год назад
Congratulations for appealing improper taxes. I wonder if a complaint should be filed against that local assessor displaying an un-profesional practice; it looks like a vendetta.
@ldyrck
@ldyrck 5 месяцев назад
Can I hire you to appeal my taxes in NY?
@SuitTV
@SuitTV 5 месяцев назад
Haha I doubt the amount I'd save you would be worth the cost of me doing it. Good luck!
@ldyrck
@ldyrck 5 месяцев назад
@@SuitTV 😂
@stephaniecolbert37
@stephaniecolbert37 3 месяца назад
Hi i love your video im upset there doing me the same way could you help me with some questions also
@SuitTV
@SuitTV 3 месяца назад
Yea sure if there's any high level questions you have that the video doesn't answer I can try and answer.
@MrTommy514
@MrTommy514 Год назад
i'm in middletown. it went up 5400
@rickbat007
@rickbat007 8 месяцев назад
I am in Monmouth County also. I just filed for an appeal again. Biggest issue is owners and builders only selling fully refurbished and raised homes for many times the original prices for profit. The ground based properties like mine are getting crushed. I can't even get regular insurance because of the FEMA zoning.
@MoneyMan28
@MoneyMan28 2 года назад
Move to Myrtle Beach, the lowest tax state
@hugobose2668
@hugobose2668 Год назад
So how much is your taxes if you don’t mind
@SuitTV
@SuitTV Год назад
I mention that in the video
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