Your real estate taxes are based upon the assessed value of your property.  Every year, the municipal tax assessor determines the value of your home, with the annual real estate assessment.  Your assessment includes two parts:  the value of the land, and the value of the building, for a total assessed value.  The assessment is…

Making an offer on a home is an exciting milestone.  Ideally, your potential home doesn’t need more work than meets the eye, your loan will sail through underwriting, and the records of title for the home, and its sellers, are “clear.”  Ideally, movers will be scheduled and closing will occur on time, and you will…

In a January 8, 2013 opinion, the Tax Court of New Jersey addressed the issue of whether roll-back taxes may be imposed upon loss of an agricultural assessment, when the subject property undergoes no change in use.  The case involved a Raritan Township property which benefited from a reduced agricultural assessment for many years, despite…