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Re: 2017 Reval ~ Property Inspections
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brewster wrote:
Hold onto your hats folks. At this rate, we're looking at a 3 way trifecta of property apocalypse in 2018. We'll get reval raised taxes, revocation of said tax's deductibility, and a recession price retreat simultaneously.

Good times a-comin!


What's the latest on PTE and the tax bills wrt rental income? If passive rental income is treated at 25% - there would a pickup in buy-to-rent sales. It also remains to be seen whether JC benefits from a bigger shift out of NYC.

Posted on: 2017/11/28 14:05
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Hold onto your hats folks. At this rate, we're looking at a 3 way trifecta of property apocalypse in 2018. We'll get reval raised taxes, revocation of said tax's deductibility, and a recession price retreat simultaneously.

Good times a-comin!

Posted on: 2017/11/28 11:32
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Re: 2017 Reval ~ Property Inspections
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Here is the link for brewster from the updated 11/25 article on nj.com:

http://www.nj.com/jjournal-news/index ... y_reval_will_continu.html

Posted on: 2017/11/28 10:17
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Yvonne wrote:
If you look on their map, there are still many homes they did not inspect.

...yes, that's what it means when they say "we've inspected 75% of properties."

Posted on: 2017/11/27 17:04
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The reval people have not yet made it to two of my properties.

Posted on: 2017/11/27 15:54
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What a mess, but happy we may at least get some indication to expect from the initial bills.

Are they guessing on the ones they haven't inspected or will they leave the 1980s valuation in place when coming up with the tax bill.

Very interested indeed.

Posted on: 2017/11/27 15:52
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What I can't figure out is if they are that far behind (I'm now hearing June for completion):

1. how is there any opportunity to appeal/correct before the bill is due.
2. if June may be a real date, are people expected to pony up what could be double or more on a few weeks notice?

Posted on: 2017/11/27 15:11
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"City spokeswoman Jennifer Morrill said yesterday that the first round of new assessments may go out next month."

"When the state ordered the reval, it said the process must be completed by Nov. 1, 2017. Rijksen told The Jersey Journal that as long as the reval is implemented in the 2018 tax year, the city will be in compliance with the state's order."


Umm, link?

This IS fascinating. They can't assess without a complete city valuation. Either that map is not up to date, or they're just going to punt and guess on the rest and put the onus on us to sort it out in appeals. Given that much of DT has not been appraised, I wonder if the latter plan will trigger a class action suit. You can appeal your own tax but not (ordinarily) report your neighbor's is too low.

Posted on: 2017/11/27 15:00
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"City spokeswoman Jennifer Morrill said yesterday that the first round of new assessments may go out next month."

"When the state ordered the reval, it said the process must be completed by Nov. 1, 2017. Rijksen told The Jersey Journal that as long as the reval is implemented in the 2018 tax year, the city will be in compliance with the state's order."

Posted on: 2017/11/27 13:38
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If you look on their map, there are still many homes they did not inspect.

Posted on: 2017/11/22 13:02
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neverleft wrote:
.
Jersey City reval will continue 'well into' 2018
Updated 11:33 AM; Posted 11:14 AM

By Terrence T. McDonald tmcdonald@jjournal.com
The Jersey Journal

Jersey City's long-delayed property revaluation is expected to continue "well into" 2018, state officials said.

The company hired to conduct the reval, Appraisal Systems, has inspected about 75 percent of the city's properties so far, according to state Treasury spokesman Willem O. Rijksen.

State taxation officials ordered the city in April 2016 to conduct the reval, the city's first since 1988. The process is intended to square each property's true value with its assessment on the city tax rolls.

http://www.nj.com/hudson/index.ssf/20 ... 8.html#incart_river_index


Argh. I want to know the new ratable base.

Posted on: 2017/11/22 12:16
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Jersey City reval will continue 'well into' 2018

Jersey City's long-delayed property revaluation is expected to continue "well into" 2018, state officials said.

The company hired to conduct the reval, Appraisal Systems, has inspected about 75 percent of the city's properties so far, according to state Treasury spokesman Willem O. Rijksen.

http://www.nj.com/hudson/index.ssf/20 ... tinue_well_into_2018.html


Posted on: 2017/11/22 12:14
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.
Jersey City reval will continue 'well into' 2018
Updated 11:33 AM; Posted 11:14 AM

By Terrence T. McDonald tmcdonald@jjournal.com
The Jersey Journal

Jersey City's long-delayed property revaluation is expected to continue "well into" 2018, state officials said.

The company hired to conduct the reval, Appraisal Systems, has inspected about 75 percent of the city's properties so far, according to state Treasury spokesman Willem O. Rijksen.

State taxation officials ordered the city in April 2016 to conduct the reval, the city's first since 1988. The process is intended to square each property's true value with its assessment on the city tax rolls.

http://www.nj.com/hudson/index.ssf/20 ... 8.html#incart_river_index

Posted on: 2017/11/22 11:47
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Re: 2017 Reval ~ Property Inspections
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It has occurred to me (yes, maybe I should already know this) that, given that the new assessments are supposed to be mailed out in stages until March 15, and that the first two tax bills of 2018 are based on the old assessments and tax rate, the final two tax bills of 2018 will bill not only at the new tax rate and assessment, but will also include the retroactive billing for the the first two quarters. For those with a significant tax increase, the retroactive portion added to the new bill could make for a very difficult second half of 2018, especially for long-time fixed income residents. Those who are not following closely should be made aware in order to prepare, especially if the new assessment arrives only in mid-March.

Posted on: 2017/11/3 11:21
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Re: 2017 Reval ~ Property Inspections
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JCGuys wrote:
Quote:

07310 wrote:
Quote:

brewster wrote:
Quote:

07310 wrote:
The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?


Condition A,B or C?
Room and bathroom count?
Done.
NEXT!

You summed it up perfectly, I thought they were supposed to asses the hvac, condition of the bathrooms and kitchens and any renovations according to the letter I received. I guess those things matter less now.


More important for single-family home than condo. But honestly no need to inspect every home in the city.


I'm ok with the inspection as long as the assessment isn't wildly inflated. The tax dept has a history of doing this.

Posted on: 2017/10/27 16:35
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Quote:

brewster wrote:
Quote:

07310 wrote:
The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?


Condition A,B or C?
Room and bathroom count?
Done.
NEXT!

You summed it up perfectly, I thought they were supposed to asses the hvac, condition of the bathrooms and kitchens and any renovations according to the letter I received. I guess those things matter less now.


More important for single-family home than condo. But honestly no need to inspect every home in the city.

Posted on: 2017/10/27 15:40
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07310 wrote:
The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?


Condition A,B or C?
Room and bathroom count?
Done.
NEXT!

You summed it up perfectly, I thought they were supposed to asses the hvac, condition of the bathrooms and kitchens and any renovations according to the letter I received. I guess those things matter less now.

Posted on: 2017/10/27 13:24
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07310 wrote:
The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?


Condition A,B or C?
Room and bathroom count?
Done.
NEXT!

Posted on: 2017/10/27 12:31
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07310 wrote:
The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?


I still have not even received an appointment card or any communication at all from the appraisers...isn't this supposed to be wrapping up by the end of next week?

Posted on: 2017/10/27 11:30
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The appraiser came in to look at my condo he spent all of 2 minutes looking at the entire place. Can they really take an accurate assessment in that time?

Posted on: 2017/10/27 11:05
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I may hearing this has been pushed back 6 months

Posted on: 2017/10/16 15:23
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sophiabull wrote:
Quote:

bodhipooh wrote:
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mrspigglewiggle wrote:
Type in your address to see if your property is colored in, indicating it has been inspected. Obviously if it is colored in and you had no idea it had been inspected, that's bad and you should call the asinj company. For those of us not yet colored in, I was told to sit tight.


That's a TERRIBLE assumption. If anything, I think getting assessed sight unseen is perhaps the best possible scenario for a homeowner: if the assessment came in too low, you keep your mouth shut and enjoy the tax break. If it is accurate, then you just pay your tax bill when it shows up. And, if the estimate comes in too high, or even a little above what you think is correct, you can request an in-person inspection, or you can easily appeal when the notices with estimated levies come out. There is LITERALLY no downside to getting a blind revaluation, only potential upside.


I am not so sure. I did ask the appraiser about this. Although the inspection was brief he was assessing what heating system there was (ie central HVAC) whether there was parking and whether the kitchen and bathrooms had been renovated. I was told that if an inspection is not completed they will assume the answer to all their questions is "yes" and the assessment will be likely significantly over-inflated.


You obviously missed the part about being able to request an inspection after an estimate is disclosed. The process was clearly laid out earlier in this thread: if an in-person inspection can not be completed, they will leave a note and will attempt a second time. If during that second attempt they are not able to gain access, they will leave a note with an estimate of value. You can then request an interior inspection if you think the estimate is not accurate.

See the last paragraph of the last page of the brochure released by the company doing the inspections:

http://asinj.com/revaluation/docs/int ... evaluation%20Brochure.pdf



I missed nothing. I spoke to the inspector at length about this. They were not going to make a second attempt at my property for the others tenants. They leave a note for you to call and schedule an inspection (or just leave it, if preferred). Then an owner can appeal after they send the estimates out.


Before the estimated values are final and bills are sent out, there will be a period when homeowners will be informed of the estimated valuations and they will be able to review and request an inspection explanation.

Posted on: 2017/9/28 16:37
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Other states have a seamless property assessment process that update annually. But of course New Jersey has to have some backward byzantine process where a property's assessment can be current market value, or the value that existed 40 years ago.


At a minimum, property assessments should be done at the county level and leave the town's out of it. It would cut out some of the self-serving BS and possible fraud with property owners being very friendly with the town assessor.

Not speaking about Jersey City specifically, just the whole process in general.

Posted on: 2017/9/28 15:48
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bodhipooh wrote:
Quote:

sophiabull wrote:
Quote:

bodhipooh wrote:
Quote:

mrspigglewiggle wrote:
Type in your address to see if your property is colored in, indicating it has been inspected. Obviously if it is colored in and you had no idea it had been inspected, that's bad and you should call the asinj company. For those of us not yet colored in, I was told to sit tight.


That's a TERRIBLE assumption. If anything, I think getting assessed sight unseen is perhaps the best possible scenario for a homeowner: if the assessment came in too low, you keep your mouth shut and enjoy the tax break. If it is accurate, then you just pay your tax bill when it shows up. And, if the estimate comes in too high, or even a little above what you think is correct, you can request an in-person inspection, or you can easily appeal when the notices with estimated levies come out. There is LITERALLY no downside to getting a blind revaluation, only potential upside.


I am not so sure. I did ask the appraiser about this. Although the inspection was brief he was assessing what heating system there was (ie central HVAC) whether there was parking and whether the kitchen and bathrooms had been renovated. I was told that if an inspection is not completed they will assume the answer to all their questions is "yes" and the assessment will be likely significantly over-inflated.


You obviously missed the part about being able to request an inspection after an estimate is disclosed. The process was clearly laid out earlier in this thread: if an in-person inspection can not be completed, they will leave a note and will attempt a second time. If during that second attempt they are not able to gain access, they will leave a note with an estimate of value. You can then request an interior inspection if you think the estimate is not accurate.

See the last paragraph of the last page of the brochure released by the company doing the inspections:

http://asinj.com/revaluation/docs/int ... evaluation%20Brochure.pdf



I missed nothing. I spoke to the inspector at length about this. They were not going to make a second attempt at my property for the others tenants. They leave a note for you to call and schedule an inspection (or just leave it, if preferred). Then an owner can appeal after they send the estimates out.

Posted on: 2017/9/28 15:02
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sophiabull wrote:
Quote:

bodhipooh wrote:
Quote:

mrspigglewiggle wrote:
Type in your address to see if your property is colored in, indicating it has been inspected. Obviously if it is colored in and you had no idea it had been inspected, that's bad and you should call the asinj company. For those of us not yet colored in, I was told to sit tight.


That's a TERRIBLE assumption. If anything, I think getting assessed sight unseen is perhaps the best possible scenario for a homeowner: if the assessment came in too low, you keep your mouth shut and enjoy the tax break. If it is accurate, then you just pay your tax bill when it shows up. And, if the estimate comes in too high, or even a little above what you think is correct, you can request an in-person inspection, or you can easily appeal when the notices with estimated levies come out. There is LITERALLY no downside to getting a blind revaluation, only potential upside.


I am not so sure. I did ask the appraiser about this. Although the inspection was brief he was assessing what heating system there was (ie central HVAC) whether there was parking and whether the kitchen and bathrooms had been renovated. I was told that if an inspection is not completed they will assume the answer to all their questions is "yes" and the assessment will be likely significantly over-inflated.


You obviously missed the part about being able to request an inspection after an estimate is disclosed. The process was clearly laid out earlier in this thread: if an in-person inspection can not be completed, they will leave a note and will attempt a second time. If during that second attempt they are not able to gain access, they will leave a note with an estimate of value. You can then request an interior inspection if you think the estimate is not accurate.

See the last paragraph of the last page of the brochure released by the company doing the inspections:

http://asinj.com/revaluation/docs/int ... evaluation%20Brochure.pdf


Posted on: 2017/9/28 14:47
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Re: 2017 Reval ~ Property Inspections
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Quote:

sophiabull wrote:
Quote:

bodhipooh wrote:
Quote:

mrspigglewiggle wrote:
Type in your address to see if your property is colored in, indicating it has been inspected. Obviously if it is colored in and you had no idea it had been inspected, that's bad and you should call the asinj company. For those of us not yet colored in, I was told to sit tight.


That's a TERRIBLE assumption. If anything, I think getting assessed sight unseen is perhaps the best possible scenario for a homeowner: if the assessment came in too low, you keep your mouth shut and enjoy the tax break. If it is accurate, then you just pay your tax bill when it shows up. And, if the estimate comes in too high, or even a little above what you think is correct, you can request an in-person inspection, or you can easily appeal when the notices with estimated levies come out. There is LITERALLY no downside to getting a blind revaluation, only potential upside.


I am not so sure. I did ask the appraiser about this. Although the inspection was brief he was assessing what heating system there was (ie central HVAC) whether there was parking and whether the kitchen and bathrooms had been renovated. I was told that if an inspection is not completed they will assume the answer to all their questions is "yes" and the assessment will be likely significantly over-inflated.


But then you can informally request a review. I agree with bodhipooh and not buying this propaganda it's in the best interest to have a physical inspection.

Posted on: 2017/9/28 14:09
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Re: 2017 Reval ~ Property Inspections
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bodhipooh wrote:
Quote:

mrspigglewiggle wrote:
Type in your address to see if your property is colored in, indicating it has been inspected. Obviously if it is colored in and you had no idea it had been inspected, that's bad and you should call the asinj company. For those of us not yet colored in, I was told to sit tight.


That's a TERRIBLE assumption. If anything, I think getting assessed sight unseen is perhaps the best possible scenario for a homeowner: if the assessment came in too low, you keep your mouth shut and enjoy the tax break. If it is accurate, then you just pay your tax bill when it shows up. And, if the estimate comes in too high, or even a little above what you think is correct, you can request an in-person inspection, or you can easily appeal when the notices with estimated levies come out. There is LITERALLY no downside to getting a blind revaluation, only potential upside.


I am not so sure. I did ask the appraiser about this. Although the inspection was brief he was assessing what heating system there was (ie central HVAC) whether there was parking and whether the kitchen and bathrooms had been renovated. I was told that if an inspection is not completed they will assume the answer to all their questions is "yes" and the assessment will be likely significantly over-inflated.

Posted on: 2017/9/28 14:03
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Re: 2017 Reval ~ Property Inspections
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Dolomiti wrote:
All the properties will be assessed. Getting assessed in November instead of August doesn't offer any advantage.

The "boondoggle" was the endless delays in getting the reval started in the first place. So far, things seem to be proceeding normally.


100% agreed on this. And, yes, ultimately all that matters is that all properties be (accurately) assessed by the stated deadline.

Posted on: 2017/9/28 12:24
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Anyone else find it odd that, out of all the JC neighborhoods, DTJC is the only one that has a fraction of homes assessed?

Huh?

Several neighborhoods have spotty assessment completions, and we are a long way from completion. There are big swaths around Lincoln Park and Greenville that are completely untouched.


Quote:
Given all the not-so-good optics of the tax situation prior to the reval, and all the talk of reverse robin hood scenarios, you would think that the people in charge would have wanted to quell any more talk of non-DTJC neighborhoods getting shafted. But, what do I know? This whole thing has been a boondoggle.

Huh?

All the properties will be assessed. Getting assessed in November instead of August doesn't offer any advantage.

The "boondoggle" was the endless delays in getting the reval started in the first place. So far, things seem to be proceeding normally.

Posted on: 2017/9/27 19:21
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Anyone else find it odd that, out of all the JC neighborhoods, DTJC is the only one that has a fraction of homes assessed? Given all the not-so-good optics of the tax situation prior to the reval, and all the talk of reverse robin hood scenarios, you would think that the people in charge would have wanted to quell any more talk of non-DTJC neighborhoods getting shafted. But, what do I know? This whole thing has been a boondoggle.

Posted on: 2017/9/27 13:15
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