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Re: Jersey City mayor-elect orders end to citywide reval
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Any bets when the reval will be completed and the first year of property taxes paymnents based on the new formula? 2020??

Posted on: 2016/4/4 17:12
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Re: Jersey City mayor-elect orders end to citywide reval
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Consumed wrote:
what do you guys think would be a realistic outcome on how much taxes could change? i am seeing #'s ranging from a raise of 21-53%

i am of the thinking like below that if you recently purchased your house the #'s would be close to what they should be given the sale #'s but cant trust that thinking.


Sales have ABSOLUTELY NOTHING to do with assessments unless it's new or newly condoed. Those cause new assessments based on the current multiplier x sale price.

Posted on: 2016/4/4 17:12
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Re: Jersey City mayor-elect orders end to citywide reval
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Consumed wrote:
what do you guys think would be a realistic outcome on how much taxes could change? i am seeing #'s ranging from a raise of 21-53%

i am of the thinking like below that if you recently purchased your house the #'s would be close to what they should be given the sale #'s but cant trust that thinking.


Downtown, old construction expect at least 100%. No higher than 300% increase is a safe bet.

21-53% - lol I'd take that on my properties!

Tax lookup info:
http://tax1.co.monmouth.nj.us/

Go with that 2.1% number of the actual market value. But it could be a higher %.

Posted on: 2016/4/4 17:10
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Re: Jersey City mayor-elect orders end to citywide reval
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what do you guys think would be a realistic outcome on how much taxes could change? i am seeing #'s ranging from a raise of 21-53%

i am of the thinking like below that if you recently purchased your house the #'s would be close to what they should be given the sale #'s but cant trust that thinking.

Posted on: 2016/4/4 16:57
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Re: Jersey City mayor-elect orders end to citywide reval
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third_street_hats wrote:
Quote:

bodhipooh wrote:
Quote:

SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.


I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range.

I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?


We bought our 2br downtown in March 2014. Our tax rate is 1.61%. I had assumed since we bought our place only two years ago, the tax rate would have been readjusted to factor in the sale price at that time, so any reval should have minimal impact on us. Now I begin to get the sense that this may not be the case...

Posted on: 2016/4/4 16:49
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Re: N.J. looking into whether to FORCE Jersey City reval
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Based on public records, Yvonne has more square footage than me, and she pay less to the city, and she also gets homestead benefit. And she has a parking space.

Posted on: 2016/4/4 16:30
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Re: Jersey City mayor-elect orders end to citywide reval
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Quote:

bodhipooh wrote:
Quote:

third_street_hats wrote:
Quote:

bodhipooh wrote:
Quote:

SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.


I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range.

I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?


Predicting the future is a fool's endeavor... ;)
Personally, I wouldn't buy anything in DTJC at the moment other than new construction with a nice abatement, which guarantees your RE taxes for some time.


Classic example why tax abatements are wrong, why should the rest of JC subsidize your taxes?

Posted on: 2016/4/4 15:35
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Re: Jersey City mayor-elect orders end to citywide reval
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Quote:

third_street_hats wrote:
Quote:

bodhipooh wrote:
Quote:

SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.


I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range.

I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?


Predicting the future is a fool's endeavor... ;)
Personally, I wouldn't buy anything in DTJC at the moment other than new construction with a nice abatement, which guarantees your RE taxes for some time.

Posted on: 2016/4/4 15:31
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Re: Jersey City mayor-elect orders end to citywide reval
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Quote:

third_street_hats wrote:
Quote:

bodhipooh wrote:
Quote:

SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.


I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range.

I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?


In order to complete revaluations by November 2017, the city would have to be active in hiring a firm. It takes a year or more to do this work. I doubt if JC would use the work done under Healy.

Posted on: 2016/4/4 15:00
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Re: Jersey City mayor-elect orders end to citywide reval
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Quote:

bodhipooh wrote:
Quote:

SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.


I know you've floated a 2.1% number around before. I've just begun looking to purchase a 2br downtown. A lot of places I've seen, based on asking price, have rates that fall in the 1.2-1.6% range.

I can certainly factor in the potential increased rate to what we can afford, but is there any benefit if we hold off another 18 months to see what happens here?

Posted on: 2016/4/4 14:12
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Re: Jersey City mayor-elect orders end to citywide reval
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Its long overdue. The entire city will thrive, and no mayor we don't hate you we just dislike your shadiness.

Posted on: 2016/4/4 14:11
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Re: Jersey City mayor-elect orders end to citywide reval
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SOS wrote:
The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index



If guess that if the November 2017 deadline is enforced, then 2018 will be a very interesting real estate market for DTJC.

Posted on: 2016/4/4 13:24
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Re: Jersey City mayor-elect orders end to citywide reval
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The State of NJ ordered a reval for JC and two others on Monday:

N.J. to order property tax-changing revaluations in 3 municipalities

http://www.nj.com/politics/index.ssf/ ... s.html#incart_river_index


Posted on: 2016/4/4 12:36
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Re: Jersey City mayor-elect orders end to citywide reval
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DanL wrote:
will this become jersey city's "bridgegate?"

will jersey city be out the $3.2m contract cost plus legal fees, the company's and ours? and then have to start the reval all over again because it now must be done anyway (the mayor's new line)?

i doubt the 2012 numbers can still be used 5 years later. so millions of dollars wasted, to what end?

just like with bridgegate, is this turning into a legal rip-off?

"reval-gate"


Don't know about the "gate" thing, frankly I'm tired of it 43 years later. But it is like a forest full of fuel, just waiting for the lightning strike to set it off. The combination of wasted money, ignoring the law, pandering to hedge funds & the most wealthy demographic, and giving the finger to the lesser off wards who are paying 3x the rate of the wealthiest, will go up like a bonfire when the magnifying glass of a gubernatorial campaign focuses the sunlight on it.

Monroe, no one cares. CC and the bridge scandal are both history. OJ was exonerated too, but everyone knows the truth.

Posted on: 2016/3/8 19:05
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Re: Jersey City mayor-elect orders end to citywide reval
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The big difference is that Fulop is open about his involvement in delaying the reval, and nothing has been found to tie Christie to the traffic jams outside the GWB.

Posted on: 2016/3/8 18:17
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Re: Jersey City mayor-elect orders end to citywide reval
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will this become jersey city's "bridgegate?"

will jersey city be out the $3.2m contract cost plus legal fees, the company's and ours? and then have to start the reval all over again because it now must be done anyway (the mayor's new line)?

i doubt the 2012 numbers can still be used 5 years later. so millions of dollars wasted, to what end?

just like with bridgegate, is this turning into a legal rip-off?

"reval-gate"

Posted on: 2016/3/8 18:11
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Re: Jersey City mayor-elect orders end to citywide reval
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Jersey City reval case may hinge on contract change called 'illegal' by city

By Terrence T. McDonald | The Jersey Journal
February 27, 2016 at 7:45 AM

With a judge's decision looming in the breach-of-contract trial between Jersey City and Realty Appraisal Co., the city has latched onto a new argument for why
the contract should not be honored.

Two months after Realty Appraisal was awarded a contract in 2011 to perform the citywide revaluation, city officials added a one-paragraph addendum that was not approved by the City Council. The change, city spokeswoman Jennifer Morrill said Thursday, was "illegal."

"The tax assessor under the previous mayor changed the contract to a cheaper, untested method of appraisal without ever going back to the council for approval, which is illegal," Morrill told The Jersey Journal.

The addendum could form the basis of an appeal if the city loses the reval case. Realty Appraisal is seeking the roughly $1 million remaining on the contract after Mayor Steve Fulop halted the reval in 2013.

Read more:  http://www.nj.com/jjournal-news/index ... y_reval_case_may_hin.html


Posted on: 2016/2/27 17:14
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Re: Jersey City mayor-elect orders end to citywide reval
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We have spent $325,000 to bring this case to court. Now you have to add the time the lawyers spent in court, those are billable hours. How long is the court case so far, a week? Then there is the appeal, the city can drag this out because we, the public, are paying for this. I might be underestimating the $1 million figure.

Posted on: 2016/2/26 21:54
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Re: Jersey City mayor-elect orders end to citywide reval
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Yvonne - I understand. You seem to know the break even point for the city and the underlying issues with the contract. I am just asking you to share since you know it will cost $1mm to appeal.

Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
What makes common sense? Conjecture? Sorry, I dont follow?

Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.


What is there to say? The city council votes on these legal fees, not the mayor. Legal fees are higher when you appeal. This is common sense. If you want this to stop, contact the city council. They are the ones who has the legal authority to vote no when Fulop pushes more legal fees.


Do you know a legal law firm that would work for free? If you do I suggest you pass that information on to Fulop. Because that is the only way $325,000 will not go up to $1 million.

Posted on: 2016/2/26 20:50
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Re: Jersey City mayor-elect orders end to citywide reval
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The city is arguing that because the city made changes the re-appraisal company should suffer? Changes that never were implemented because the city backed out of the deal? Sorta like the kid who killed his parents, then asked for leniency from the judge because he was an orphan!

Posted on: 2016/2/26 20:31
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Re: Jersey City mayor-elect orders end to citywide reval
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Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
What makes common sense? Conjecture? Sorry, I dont follow?

Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.


What is there to say? The city council votes on these legal fees, not the mayor. Legal fees are higher when you appeal. This is common sense. If you want this to stop, contact the city council. They are the ones who has the legal authority to vote no when Fulop pushes more legal fees.


Do you know a legal law firm that would work for free? If you do I suggest you pass that information on to Fulop. Because that is the only way $325,000 will not go up to $1 million.

Can you please state the rates that this specific lawfirm charges per hour? Can you please state the exact amount of hours that it will take to complete this case?

It is certainly possible for the charges to reach $1 million. It's also possible not to.

Posted on: 2016/2/26 20:11
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Re: Jersey City mayor-elect orders end to citywide reval
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radryan03 wrote:
What makes common sense? Conjecture? Sorry, I dont follow?

Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.


What is there to say? The city council votes on these legal fees, not the mayor. Legal fees are higher when you appeal. This is common sense. If you want this to stop, contact the city council. They are the ones who has the legal authority to vote no when Fulop pushes more legal fees.


Do you know a legal law firm that would work for free? If you do I suggest you pass that information on to Fulop. Because that is the only way $325,000 will not go up to $1 million.

Posted on: 2016/2/26 20:00
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Re: Jersey City mayor-elect orders end to citywide reval
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What makes common sense? Conjecture? Sorry, I dont follow?

Quote:

Yvonne wrote:
Quote:

radryan03 wrote:
'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.


What is there to say? The city council votes on these legal fees, not the mayor. Legal fees are higher when you appeal. This is common sense. If you want this to stop, contact the city council. They are the ones who has the legal authority to vote no when Fulop pushes more legal fees.

Posted on: 2016/2/26 19:42
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Re: Jersey City mayor-elect orders end to citywide reval
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Jersey City appeal in reval case may hinge on contract change city calls 'illegal'

By Terrence T. McDonald | The Jersey Journal
February 26, 2016 at 11:58 AM

JERSEY CITY — With a judge's decision looming in the breach-of-contract trial between Jersey City and Realty Appraisal Co., the city has latched onto a new argument for why the contract should not be honored.

Two months after Realty Appraisal was awarded a contract in 2011 to perform the citywide revaluation, city officials added a one-paragraph addendum that was not approved by the City Council. The change, city spokeswoman Jennifer Morrill said yesterday, was "illegal."

"The tax assessor under the previous mayor changed the contract to a cheaper, untested method of appraisal without ever going back to the council for approval, which is illegal," Morrill told The Jersey Journal.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... se_could_hinge_on_co.html


Posted on: 2016/2/26 17:40
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Re: Jersey City mayor-elect orders end to citywide reval
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radryan03 wrote:
'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.


What is there to say? The city council votes on these legal fees, not the mayor. Legal fees are higher when you appeal. This is common sense. If you want this to stop, contact the city council. They are the ones who has the legal authority to vote no when Fulop pushes more legal fees.

Posted on: 2016/2/26 17:12
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Re: Jersey City mayor-elect orders end to citywide reval
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'could be' - maybe you want to elaborate on your extensive analysis?

Quote:

Yvonne wrote:
If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.

Posted on: 2016/2/26 16:23
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Re: Jersey City mayor-elect orders end to citywide reval
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If Fulop appeals, that $325,000 in legal fees, could be $1 million. Which is what we owe the tax company.

Posted on: 2016/2/26 0:36
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Re: Jersey City mayor-elect orders end to citywide reval
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Judge deals blow to Jersey City in reval case

By Terrence T. McDonald | The Jersey Journal
February 25, 2016 at 6:11 PM

JERSEY CITY — A Hudson County judge today dealt a major blow to Jersey City in the breach-of-contract trial initiated by Realty Appraisal Co., with the judge dismissing a counterclaim filed by the city that had represented the crux of its defense.

The city's counterclaim alleged that there was a conflict of interest when Realty Appraisal, which was selected in 2011 to perform the citywide revaluation, hired Brian O'Reilly, the former city business administrator, soon after his 2010 retirement from his city post. The conflict-of-interest claim is almost the entirety of the city's argument that it should not have to pay the roughly $1 million that was remaining in Realty Appraisal's contract when Mayor Steve Fulop halted the reval in 2013.

But Superior Court Judge Francis B. Schultz this afternoon ruled that witness testimony did not back up the city's claims that O'Reilly had any significant role in the city's selection of Realty Appraisal in 2011. The testimony by city employees showed O'Reilly recused himself from any role in the selection process while he was still employed by the city, Schultz ruled today.

"There was no conflict," he said.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... e.html#incart_river_index


Posted on: 2016/2/26 0:32
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Re: Jersey City mayor-elect orders end to citywide reval
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Contract for Dem law firm in Jersey City reval trial could reach $325K

By Terrence T. McDonald | The Jersey Journal
February 19, 2016 at 1:36 PM

JERSEY CITY — The Bernardsville law firm defending the city in the breach-of-contract case that revolves around the canceled reval may get another contract extension next week, which would bring the total contract to $325,000.

The City Council in December 2014 authorized a contract for Schain, Schaffer & Rafanello to defend the city in the case, brought by Realty Appraisal Co. The council is set to approve another $75,000 extension on Wednesday, the third time the contract has been reauthorized.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... jersey_city_in_reval.html


Posted on: 2016/2/19 22:12
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Ex-Jersey City official takes witness stand in reval trial

By Terrence T. McDonald | The Jersey Journal
February 17, 2016 at 6:50 PM

JERSEY CITY — The city's former business administrator said in court today that he did not have "one iota" of involvement in the city's revaluation process that ultimately led to the city hiring a firm he worked for soon after he retired from his City Hall job.

"I had no knowledge, no information" of the city's reval process, Brian O'Reilly, the former B.A., said under questioning by Jersey City attorneys in this Brennan courthouse this afternoon. "I never attended any meetings."

O'Reilly's role is crucial in the breach-of-contract lawsuit brought against the city by West New York firm Realty Appraisal Co.

Read more:  http://www.nj.com/hudson/index.ssf/20 ... s_any_involvement_in.html


Posted on: 2016/2/18 4:04
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