![]() NO SALES THAT OCCURRED UNDER DURESS SUCH AS FORECLOSURE OR SHORT SALES WILL BE CONSIDERED AS EVIDENCE OF MARKET VALUE. COMPARABLE SALES MUST BE ARMS LENGTH TRANSACTIONS.YOU SHOULD HAVE ADDITIONAL COMPARABLE SALES TO CORROBORATE YOUR PROPERTY’S MARKET VALUE. THE SALE OF THE SUBJECT PROPERTY MAY NOT BE CONCLUSIVE PROOF OF VALUE.COMPARABLES SALES THAT HAVE OCCURRED AFTER OCTOBER 1ST OF THE PRE-TAX YEAR MAY BE USED AS CORROBATIVE EVIDENCE, NOT DIRECT EVIDENCE OF VALUE. A COMPARABLE SALE MUST BE SIMILAR TO YOUR PROPERTY IN STYLE, SIZE AND LOCATION. EXAMPLE: AS OF OCTOBER 1, 2022, FOR THE 2023 TAX YEAR. YOU MUST USE 3-5 COMPARABLES SALES AS OF OCTOBER 1ST OF THE PRE-TAX YEAR AS EVIDENCE.YOU CANNOT UTILIZE THE ASSESSMENT OF OTHER PROPERTIES AS COMPARABLES TO JUSTIFY A CHANGE IN ASSESSMENT.YOU CANNOT APPEAL THE AMOUNT OF TAXES PAID OR THE CHANGE IN YOUR TAXES.EXAMPLE: AN APPEAL OF A 2023 ADDED/OMITTED ASSESSMENT HAS A VALUATION DATE OF OCTOBER 1, 2022. THE VALUATION DATE FOR AN ADDED/OMITTED ASSESSMENT APPEAL IS OCTOBER 1ST OF THE PRE-TAX YEAR. THE BURDEN OF PROOF IS ON THE PROPERTY OWNER. YOUR ASSESSMENT IS ASSUMED TO BE CORRECT.ADDED & OMITTED ASSESSMENT APPEALS MUST BE FILED WITH THE TAX BOARD, THE MUNICIPAL TAX ASSESSOR AND THE MUNICIPAL CLERK BY FRIDAY, DECEMBER 1, 2023, 4:00pm.(NOTE: THIS IS NOT A COMPLETE LISTING OF ALL THE RULES) SUMMARY OF IMPORTANT ADDED/OMITTED ASSESSMENT TAX APPEAL RULES & REMINDERS
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |