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JC property assessment appeal and cross-appeal?
#1
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Hi guys,

I filed an online property assessment appeal for NJ (hudson county jersey city) as after the re-evaluation they did, my new assessment is much higher than the recent sold prices after plugging in the numbers.

However few weeks later, i received letter from jersey city attorneys stating "cross-petition" for appeal filed. In the appeal, it said reason for appeal: under-assessed. There is no other detail.

Does anyone know what this is all about, is my understanding correct that jersey city is filing a cross-appeal on my appeal, basically i am saying the assessment is too high and they are saying the current assessment is too low? What would be the next step, do i need to do anything.

thanks

Posted on: 2023/4/12 1:23
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Re: Property Taxes
#2
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Quote:

Sutherland wrote:
I share everyone's anger and frustration with the sudden and large increase in real estate taxes. In a state of anger, I thought I would sell my brownstone. But then that leaves the question of where I would go. I've been a city person my entire life. I grew up in Newark, commuted to college. My first job out of college was in Manhattan. I lived on 127th and Broadway in 1987. Moved to Jersey City in 1992, so I could go to law school in Newark. I have been in JC since. So I went on Realtor.com and looked at real estate in Maplewood. While I could probably sell my brownstone and pay cash for a pretty nice house, I learned that the real estate tax rate in Maplewood is 3.32%. Even with our increase, we're at 2.11%. This doesn't take away my anger or frustration. But it does seem that at least for me, other options would be more expensive at least in terms of real estate taxes.


come to fort lee, buy a turnkey townhouse for 800k, or a 2br/2ba apt for 300-400k, many direct buses to 42nd st, and it's not in the middle of nowhere suburbs either.

At current rate, i will be paying $17,000 / year in property tax for a 1br condo. I imagine the newer fancier condos will be hitting $20k / year for 1 br in property tax. It's god damn insane, especially considering how shtty the schools.

Posted on: 2022/10/26 22:59
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Re: Property Taxes
#3
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2022 4 11/28/2022 TAXES BILL $4,478.18 $0.00
2022 3 8/1/2022 TAXES BILL $3,150.67 $0.00
2022 2 5/1/2022 TAXES BILL $2,324.60 $0.00

go f yourself jc ,,!,,

Posted on: 2022/10/26 20:09
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Re: wtf is happening to my property tax
#4
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Quote:
Quote:

RichMauro wrote:
For a little 750 sqf 1 br condo in jc - not even one of those new expensive buildings, my property tax went up by ~$3200 a year, for a total of $12,500 / year in tax. On top of maintenance fees etc.. fk that


What does Jersey City have that you would consider paying that exorbitant fee?


Time savings, can’t beat 5 min walk to office.

But with Covid, remote working, and getting married with kid now. This no longer applies. I have moved to fort lee, bought a nice 2br2ba in highrise at 1/4 cost with cash, which is basically the down payment amount for a similar unit in jc, saves me a full mortgage payment.

Property tax is about 20-30% lower vs jc. In return I still get to stay close to city near civilization not in some boondocks middle of nowhere with deers running around, top 10% NJ schools from k to hs, so no need for private school, very safe area - no thugs coming on hblr on the weekends, and with tons better restaurants especially for Asians. Commute to nyc is longer but not bad, many direct bus to port authority, commute to jc is worse as need to transfer to hblr. But with working from home 4 days a week it doesn’t matter.

So short answer no damn reason to stay, I am out. Renting my 1br to some Facebook tech kid for 3k to cover this crazy tax and fees.

Posted on: 2022/8/25 20:12
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Re: Apple Picking Near Jersey City
#5
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Why do I want to pay lot more money to be under 100 degree sun wasting the whole day picking apples like one of them abused migrant workers, when I can just walk into wholefood and pick some up for less than 10 bucks.

Posted on: 2022/8/25 19:48
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Re: wtf is happening to my property tax
#6
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Quote:

Haggis wrote:
Yes, but what is the reason/explanation that was given for the rocket high increase?
Is it one that is valid?


so i got the letter from jersey city after posting this, to summarize the reason for this huge increase:

1) Fulop basically said not his fault and washed his hands - it's solely due to the board of education increase, and he has no authority or control over

2) Apparently those ass clowns at board of ed now has close to a $1billion annual budget, no not a typo...$1 billion. And what we get in return are some of the shittiest public schools in new jersey across the board from elementary, to middle, to high school. All ranked at the bottom of NJ (with the sole exception cornelia bradford elementary)

So that's the story, which of you dickheads voted those guys in, time to kick them all to the curbs. It can't get any worse.

For a little 750 sqf 1 br condo in jc - not even one of those new expensive buildings, my property tax went up by ~$3200 a year, for a total of $12,500 / year in tax. On top of maintenance fees etc.. fk that

Posted on: 2022/7/12 4:47
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wtf is happening to my property tax
#7
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why did it go up so much, anyone know? wtf

8/1/2022 TAXES BILL $3,150.67
5/1/2022 TAXES BILL $2,324.60
2/1/2022 TAXES BILL $2,324.60
11/1/2021 TAXES BILL $2,269.52
8/1/2021 TAXES BILL $2,362.2

Posted on: 2022/7/8 2:13
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Re: New Protections for Tenants: What You Need to Know
#8
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nobody, in today's climate if you get a bad tenant you fked. That's why i rather let the rental sit vacant losing 1-2 extra month rent until i find someone solid vs rush to fill it with borderline applicants

Posted on: 2021/8/6 13:24
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Re: my 4th quarter property tax went up 20% anyone know why?
#9
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Quote:

Yvonne wrote:
Quote:

slim26 wrote:
Sounds like the baited of all possible baited questions.

Lets just toss a bunch of wild numbers like 20% into the wind and ask why my taxes are higher without providing any context. Yvonne must have guided you here.

Quote:

jcguy05 wrote:
I have a 1br condo in journal square that's an old high rise from the 80s or 90s in st johns, so no abatement or any other gimmick.

property tax has been pretty consistent but i just noticed while paying 4th quarter bill, it went from ~$1000 from last year 4th quarter to ~$1200 this year, so about a 20% increase.

I remember seeing in the mail that jersey city property tax remains flat with no increase, does anyone know why the big jump.


Here is the Jersey Journal article on the budget. It is dated August 26, 2020. The tax quarters are Feb, May, August, and November. By the time the budget was passed, Feb, May, and August was paid, that only left November so the tax increase that should have been felt in Feb, May and August was piled in the November quarter. The November quarter must be paid by November 10th. https://www.nj.com/hudson/2020/08/city ... ter-marathon-meeting.html


Does that mean everyone will see a similar increase in their 4th quarter property tax bill. Thanks

Posted on: 2020/10/21 3:20
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Re: my 4th quarter property tax went up 20% anyone know why?
#10
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Home away from home


Quote:

slim26 wrote:
Sounds like the baited of all possible baited questions.

Lets just toss a bunch of wild numbers like 20% into the wind and ask why my taxes are higher without providing any context. Yvonne must have guided you here.

Quote:

jcguy05 wrote:
I have a 1br condo in journal square that's an old high rise from the 80s or 90s in st johns, so no abatement or any other gimmick.

property tax has been pretty consistent but i just noticed while paying 4th quarter bill, it went from ~$1000 from last year 4th quarter to ~$1200 this year, so about a 20% increase.

I remember seeing in the mail that jersey city property tax remains flat with no increase, does anyone know why the big jump.


Wtf are you talking about. What am I trying to bait, what wild numbers - those are my quarterly bills, increase of $200 is 20%

If you got nothing useful to say, then just screw off. Waste of oxygen

Posted on: 2020/10/21 3:18
 Top 


my 4th quarter property tax went up 20% anyone know why?
#11
Home away from home
Home away from home


I have a 1br condo in journal square that's an old high rise from the 80s or 90s in st johns, so no abatement or any other gimmick.

property tax has been pretty consistent but i just noticed while paying 4th quarter bill, it went from ~$1000 from last year 4th quarter to ~$1200 this year, so about a 20% increase.

I remember seeing in the mail that jersey city property tax remains flat with no increase, does anyone know why the big jump.

Posted on: 2020/10/20 15:24
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Re: Jersey City Real Estate Market Is Hot, But For How Long?
#12
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that article is full of crap.

1) the rental market in downtown jersey city is in complete meltdown, i never seen it this bad not even during the 08 financial crisis. Units in those high-rises that usually gets rented out in 1-2 weeks are sitting on the market even with 20-30% rent cut, never seen inventory like this, one of the highrise condo i am keep track of usually have 1 or 2 vacant unit for rent max, right now there are 13 (as of last week) vacant unit at a 30% hair cut.

2) the condo market is completely frozen, no-one is buying, price has not dropped much yet but nothing is moving, real estate prices are always the lagging indicator - last to go. Just like during the 2008 crisis, real estate price didn't start to gap down and hit the low until 2010. But i have no doubt prices will take a significant drop in the next 12-24 months unless by some miracle this covid 19 goes away and everyone returns to office and economy shoots back up soon (not going to happen)

Also the reason the stock market has recovered is because the indices are all propped up by tech, like amazon / zoom / docusign etc...companies that are making a killing from the remote work situation.

One has to be a complete idiot to buy today, i will definitely not buy any condos right now...rent yourself a nice 2br/2ba for $3000 or 1br for $2100, then wait and see.

Posted on: 2020/9/3 1:37
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Re: Coronavirus is now in Hudson County
#13
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Quote:

jcguy05 wrote:
we are only at the first inning here in the US, NY/NJ. Every outbreak in other cities italy, s korea, and wuhan. All follow the exact same timeline.

1) A few cases reported - noone cares
2) 1 - 2 weeks later - 100-200 cases reported, people became concerned but still doesn't care
3) 3+ weeks onward- full blown outbreak, everyone panics and city shuts down.

Follow the same timeframe, look for mid to late march for this to happen here. It will get a lot worse in cities like NYC / Hudson where people jam pack onto subways, buses, and light rails.

Majority of people still not wearing masks, i see tons of people together by weehawken play ground all with kids playing together. How dumb can you get, those same people will go into full panic mode in a few weeks.

Last point - masks. Everyone should wear masks, it's NOT to protect you from catching the virus (although it is somewhat effective if used properly). It is to protect OTHERS from getting the virus from you. Mask is highly effective to prevent your crap from going out to other people in case you are sick and don't know it.

That's the key thing how wuhan/china is able to get the virus under control. Everyone there must wear mask as a policy, so even if you are sick and walk around other people, chance of you spreading it to them is very low.

US and Europe, people seem to have this negative misconception about mask, as if afraid of being labeled sick. When in fact, it's the opposite and the responsible thing to do, to ensure you dont spread it to other people if infected.

/rant off

stay safe, work from home if possible, and good luck.


I will quote myself from March 10th. Everything unfolded as predicted sadly. It is just batsht crazy people are still NOT wearing masks, and government is still not recommending everyone to wear masks.

There is no words on how fking stupid this is. If everyone wear masks then you can?t give to other people in public, and that?s how you stop this thing. Everyone in Asia is just looking at US and Europe going wtf..

Posted on: 2020/4/3 5:05
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Re: Coronavirus is now in Hudson County
#14
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Quote:

davork wrote:
Quote:

jcguy05 wrote:
...The biggest worry now is Italy and rest of Europe, people there are still rallying en mass on the street without masks to protest against government quarantine, just nuts.


So I work for a large investment company in Europe (used to live in JC, still re-appear ever fee months). Said company has offices all over. There are no 'mass protests' against goverment quarantine - where on earth are you getting this stuff?

And as for stopping people from Europe (including the island of iceland and excluding the British Isles (including Ireland)), seems a bit daft considering the lack of testing in the US means that a visitor is more likely to go back to europe with covad-19 than bring it to the US...


To clarify, I mean Italy not all Europe.

https://youtu.be/IGBO5YGynr0

Look at around 1:30 no one is wearing mask also

There is another night protest video my friend sent me in wechat, it was packed in narrow streets chanting something

Posted on: 2020/3/12 15:46
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Re: Coronavirus is now in Hudson County
#15
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Quote:

MDM wrote:
Quote:

jcguy05 wrote:


Majority of people still not wearing masks, i see tons of people together by weehawken play ground all with kids playing together. How dumb can you get, those same people will go into full panic mode in a few weeks.



To be fair, you can't get masks right now. My wife has a few left over (she has been wearing them because of chemo), but can't get more. Her sister is an RN and they are running out of them in her facility as well.

Turns out most of the masks are made in China which is undergoing a severe supply chain disruption.

If the official Chinese numbers are to be believed, new cases are dropping to zero due to the aggressive quarantines. So maybe trade will resume in the next 30 days or so...

The country to watch will be South Korea. They have instituted the equivalent of drive-thru testing and are basically testing the entire country.


You can still get them from eBay pretty easily at $1 per mask. Just have to smart and search for below criteria. I bought 200 3M and medline masks for $250 total came in 2 days all new sealed.

1) search for brand name 3M or medline surgical mask in quantities of 50 or 100, don?t fall for the no brand crap on top of the search results
2) check to make sure seller is US based, not new seller, and has 1000+ 99%+ feedbacks
3) check seller is selling in volume with at least 100+ units sold daily.

There are still plenty on eBay. Amazon and google is all scams or low quality crap from China now, so don?t bother.

??-

Situation in China - I have many family and friends there on the ground. The situation is completely under control now. Shanghai - China?s most populated financial capital hasn?t had a single case in 5 days, everyone is going back to work and everything is reopening now. Everyone still wear masks though, govt sends them to every household free weekly. Wuhan the epicenter still has new cases but it is very low volume, they already got rid of like 10 temporary hospital because they all empty now, and the city is still completely sealed off.

Now the biggest worry ironically is people coming into china. There is a mandatory 14 day quarantine as condition to allow entry. Once you arrive and screened, you are given mask if don?t have, and government bus takes you directly to your home/hotel, then you stay there for 14 days, if you try to leave you get placed in public quarantine..

??-

South Korea seem to be getting it under control due to their unbelievable good testing and coordinated response. The biggest worry now is Italy and rest of Europe, people there are still rallying en mass on the street without masks to protest against government quarantine, just nuts. India is also a big worry, if it starts it will spread like wildfire due to the density and lack of good public health system.

Don?t think I ever see myself say this, but I agree with trump for implementing the travel restrictions from Europe.

Posted on: 2020/3/12 4:04
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Re: Coronavirus is now in Hudson County
#16
Home away from home
Home away from home


we are only at the first inning here in the US, NY/NJ. Every outbreak in other cities italy, s korea, and wuhan. All follow the exact same timeline.

1) A few cases reported - noone cares
2) 1 - 2 weeks later - 100-200 cases reported, people became concerned but still doesn't care
3) 3+ weeks onward- full blown outbreak, everyone panics and city shuts down.

Follow the same timeframe, look for mid to late march for this to happen here. It will get a lot worse in cities like NYC / Hudson where people jam pack onto subways, buses, and light rails.

Majority of people still not wearing masks, i see tons of people together by weehawken play ground all with kids playing together. How dumb can you get, those same people will go into full panic mode in a few weeks.

Last point - masks. Everyone should wear masks, it's NOT to protect you from catching the virus (although it is somewhat effective if used properly). It is to protect OTHERS from getting the virus from you. Mask is highly effective to prevent your crap from going out to other people in case you are sick and don't know it.

That's the key thing how wuhan/china is able to get the virus under control. Everyone there must wear mask as a policy, so even if you are sick and walk around other people, chance of you spreading it to them is very low.

US and Europe, people seem to have this negative misconception about mask, as if afraid of being labeled sick. When in fact, it's the opposite and the responsible thing to do, to ensure you dont spread it to other people if infected.

/rant off

stay safe, work from home if possible, and good luck.

Posted on: 2020/3/10 2:13
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Re: ‘Unsettling’: Six Exchange Place food trucks impounded for multiple violations...
#17
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that's why i never order from those food trucks, just not worth saving a few bucks. They never looked clean and there is no regulation at all against the food they serve.

Posted on: 2019/8/14 2:07
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Re: Port Authority announces plan to increase PATH capacity, reduce delays
#18
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Quote:

JCGuys wrote:
To all the dumb shits that complain about Jersey City's resurgence by saying they shouldnt allow new development because the PATH train is overcrowded. Look at the results...

As I always knew, the new developments has forced PATH train service to being improved with more trains, better frequency, and a 40% increase in capacity to accommodate the new comers. This would have never happened had Jersey City was still in decline.

Now gotta find the idiota that encourage people to contact the PATH director on linkedin. Nope. It was the crisis created by the new development that forced the improvements. Not your DM.


You mean the dumbfk who wants everyone to show up at public meetings to whine about building more highrises?

Go ahead pat yourself on the back, I am sure this plan got rolled out all because of your brilliant idea, damn waste of oxygen.

Posted on: 2019/6/21 5:27
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Re: Whole Foods in JC?
#19
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Oh snap, sht just got real

Posted on: 2019/5/3 12:01
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Re: The 50 restaurants in Jersey City that matter, ranked worst to best
#20
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Quote:

Rank 45. Talde
8 Erie St.
Some saw the arrival of Top Chef star Dale Talde's restaurant as a sign that Jersey City had solidified itself as a foodie destination. While the city certainly has made its mark, it's not because of Talde, which leans more on its style than substance. The ornate decor is impressive, but the pan-Asian fare is disappointing and overpriced. The dumplings we had were lukewarm and blue crab fried rice tasted more like mayonnaise fried rice. Talde was one of the biggest letdowns of this list; the first few times I came here (when it first opened in 2015) it was stellar. Whatever happened, the quality has declined ? its no longer in elite company.


The writer is being too generous, this place is absolute sht - vomit in the mouth. Every dish is crap, most are so salty we have to wash it in water before they become edible.

Coming from a chinese family who loves their food, I have had many authentic asian dishes from various countries in asia / flushing / chinatown, as well as accepted the "asian fusion" fad of americanizing certain type of asian food - if done right they are decent.

But not this place, not even remotely close, can honestly say it's the worst "asian" restaurant I have ever been to, and I have been to many pretty crappy restaurants.

The food is just no edible, it constantly amazes me as I walk by that place every day how it manages to stay open. Maybe people are just going there to talk and drink? Because the food is disgusting, never mind the price.

Posted on: 2019/4/20 19:16
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Re: First female head of PATH system says she will improve rider experience
#21
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Quote:

JCGuys wrote:
Quote:

jcguy05 wrote:
instead of whining here, use the LinkedIn link and send her a message directly. If enough people do it on similar topic like weekend service, things might actually get done.


With all due respect, another useless idea. I like my idea the best and it's the most probably to happen. What the public can do is show up at public meetings and support high-density intensification near the PATH stations like the Journal Squared towers. Adding thousands of new residents with high disposable incomes brings about a better passenger experience like Magnolia Plaza.

Eventually enough rich people will ride PATH into Manhattan and will complain about things like weekend service via Hoboken and general overcrowding. The Port Authority would be wise to take notice and make the positive changes or the politicians will take notice of unhappy constituents and order the Port Authority to act.


Yeah ok.. makes perfect sense that a bunch of overworked people will show up in a town hall meeting to complain about path than just send an online message directly to the path head.

Do you also believe in unicorns and Santa Claus.

Posted on: 2019/4/17 14:13
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Re: Baby found dead in suitcase on PATH tracks
#22
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None of those articles said how the girl died, if it was neglect or murder, why is the father only facing such a minor charge.

How did this poor girl die, have they ever found the cause or killer

Posted on: 2019/4/16 14:37
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Re: First female head of PATH system says she will improve rider experience
#23
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Home away from home


instead of whining here, use the LinkedIn link and send her a message directly. If enough people do it on similar topic like weekend service, things might actually get done.

I gave up on path long ago. My weekend commute to city is PH ferry then walk or Uber.

Posted on: 2019/4/16 14:30
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Re: Jersey City’s Hot Waterfront Lands a 13-Vendor Food Hall
#24
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Bleh there is nothing new, all they did was moving the food vendor already there to the new area.

Most of the food there are terrible and overpriced, ramen is instant noodle, sushi is just supermarket being resold, and no idea what those non-Koreans are doing with the Korean food stand, the mess tasted nothing like Korean food and just bad.

Only the poke, pizza and crab cake are just ok but still expensive.

They really need some decent choice in that area. Hate walking to Newport / Hoboken for some decent ramen / food.

Posted on: 2019/3/20 21:59
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Re: Chaos at Jersey City mall as shot fired
#25
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1) Friday evening and Sat is when all the gangbangers from the ghettos come to Newport mall via the free light rail. It?s not the first and certainly won?t be the last. That?s why I avoid the mall during those times.

2) Fulop and jcpd needs to stop padding themselves on the back every 2 minutes on what a wonderful job they did, it?s annoying. If they really did a good job those gangbangers won?t be in Newport or at least the situation won?t escalate to this level with strong police presence.

Glad no one innocent got hurt.

Posted on: 2019/1/12 3:50
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water main break in newport area?
#26
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Anyone have details on the water main break in newport area today? i just got an alert from work told us not to come to work as the office building (right on washington blvd in newport) are not accessible due to water main break. So it seems pretty bad but cant find any details.

Posted on: 2018/9/17 12:52
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Re: help reading appraisal from revaluation
#27
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Quote:

bodhipooh wrote:
Quote:

mscottc wrote:
Quote:

jcguy05 wrote:
snip

I am not clear why abatement tax will be higher than your actual property tax, according to above info i was given from the abatement tax lady, it should never happen. I guess maybe some building has special non-standard abatement contracts.


This is because some abatements are based on, at least for a portion of the abatement period, on a calculation that has nothing to do with the normal tax rates, but a formula based on the highest purchase price and common charges. It is possible for that formula to wind up creating a number that is higher than the unabated tax bill.


This. Plus, remember that 80% of the previous "effective tax rate" (.8 * 2.1 = 1.68) actually comes out higher than the estimated tax rate for 2018. Abatements were based on a "calculated" effective tax rate that we now know was completely off.



1) Abatement based on purchase price - that explanation makes sense. I remember while reading my pilot doc it had similar provision, and pick whatever is the higher $. Since my building's abatement started like 15-20 years back, this is a non-item as 80% of my current property tax will always be much higher than the purchase price back then for the unit.

But i can see if you bought a million dollar condo with abatement now, you may end up paying more than normal tax even with the percent discount if abatement is based on the million dollar purchase price while regular tax is based on the assessed value.

2) bodhipooh, i am not clear on the tax rate you mentioned. The previous tax rate is 7.8. The proposed tax rate is 1.62 The abatement discount is always 80%.

So it's previous assessed value * 0.078 * 0.8 vs new assessed value * 0.0162 * 0.8

If assessed value remain same then the property tax would go down significantly, but in my case and most cases the new assessed value is significantly higher. So even with the lower rate your new property tax is higher. Abatement is always just 80% of the actual property tax (assume it's not based on purchase price or anything special as previously said).

Can you clarify? thanks

Posted on: 2018/2/13 15:18
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Re: help reading appraisal from revaluation
#28
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OP here, so I went to city hall and met with both the representative from the appraisal company(lots angry people there) and also the abatement clerk in the tax collector office to get to the bottom of this.

Here are the info:

1) New tax rate * new total assessment value = your property tax.
2) New tax rate is still being determined by JC and is not available, the best guess appraisers used is 1.62. So it should be close to that number.
3) New total assessment value is the sum of land + structure, and the total of course varies between each unit depends on the new assessment you got.
4) Compare the new total assessment against similar units in your area sold in the last year, if your assessment is higher (by 15%) you should file tax appeal to reduce it. If it is not, you can still file tax appeal but it wont help much. Key is finding similar comparable units sold in the last year with a lower price than your total assessment.

5) Now for pilot/abatement, it is only on the structure, you pay land tax as regular tax.

Easier to explain using my example:

My current 2017 assessment (include exempt + taxable portion) is $132,800
-TAXABLE PORTION: $3,500 (actual taxes @ 7.8 rate/$100 assessed = $273)--> $3500 is the previous land assessment, and I pay $273/year as regular tax for land.
-EXEMPT PORTION: $129,300 --> this is the tax abatement portion (i pay ~$8000 in abatement, which is 80% of the actual property tax: 129300*0.078*0.8 )

New 2018 assessment is $584,700
- TAXABLE PORTION: $100,000 (estimated taxes @1.62 rate/$100 assessed = $1,620) --> $100,000 is the new land assessment. And with the new rate, i pay $1620 in regular tax for land
- EXEMPT PORTION: $484,700 --> this is the new tax abatement portion, similar to before, i will pay 80% of the actual property tax. So in this case: 484700*0.0162*0.8 (assume actual rate is 1.62)


6) Final note on abatement, for the abatement percentage (80% in my case) of total tax you pay for abatement, refer to your building docs as many have said. They increase as the years go on (varies by building, example: 15% of actual tax for year1-5, 40% for year5-10, 60% for year10-20, 80% for year20-expiration). Refer to your pilot abatement docs.

Another easier way is take the sum of abatement payment + regular tax(land tax) for last year divide by the actual annual tax you would paid if there was no abatement, and that percentage is your current abatement percent discount of actual property tax.

So dont worry too much about your abatement, focus on finding out what your actual tax will be without abatement, if that is reasonable, then you should be fine.

---

I am not clear why abatement tax will be higher than your actual property tax, according to above info i was given from the abatement tax lady, it should never happen. I guess maybe some building has special non-standard abatement contracts.

Posted on: 2018/2/12 23:40
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Re: New Tax Rate is Insane!
#29
Home away from home
Home away from home


i agree with everyone about paying their fair share of the property tax and those under assessed already lucked out for the past years.

However there needs to be a transition period as oppose to this shock of a $20K+ increase as the OP had.

Imagine people who have been living in those brownstones for 10-20 years or newcomers, who doesnt read the forum or understand that a reval means you get a 20K tax increase (and no one knows the numbers until they get the letter this past 2 weeks).

Now all of sudden they need to pay 20k extra a year.

What should have happened is they do the reval, letting the owners know the new tax will be 20k higher, and the tax gets increased 25% each year until it hit the 20k threshold.

This at least give those people time to move out or get their money prepared to pay the increase.

In short, agree with the reval/assessments, but doesnt agree with this piss poor execution they have done.

Posted on: 2018/2/2 20:29
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Re: help reading appraisal from revaluation
#30
Home away from home
Home away from home


Quote:

avinandre wrote:
What happens if you move out of PILOT will it be 1.62*584k ?


i dunno, i am so confused with this abatement, i wish there is a site or someone knowledgeable who can explain.

Going by 584k * 1.62 = $9460, i will actually be paying the same as with abatement which is: $8000 (abatement) + 1620 = 9620.

And if you remove abatement all together, my previous regular tax below, which is 132800*0.078 = $10358.

So my property tax actually went down a little? But then why is only 3500/132800 regular tax last year, but this year it is 100000/584700 regular tax? None of this makes any freaking sense.

My current 2017 assessment (include exempt + taxable portion) is $132,800
-TAXABLE PORTION: $3,500 (actual taxes @ 7.8 rate/$100 assessed = $273)
-EXEMPT PORTION: $129,300

New 2018 assessment is $584,700
- TAXABLE PORTION: $100,000 (estimated taxes @1.62 rate/$100 assessed = $1,620)
- EXEMPT PORTION: $484,700

Posted on: 2018/2/2 20:16

Edited by jcguy05 on 2018/2/2 20:38:18
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