A tax reduction is based on current market comparables, which here in Monmouth County does not include foreclosures. There is a chance that the answer is yes, but that would be based on the "common level range" of taxation in Victoria Lakes.
I would suggest you google "tax appeal" "glouchester county" to see if there are any instructions online for you to determine eligibility.
Love and Peace,
Francesca, Realtor, ePro
With all these foreclosure questions, Brenda, I'd suggest you speak to a real estate agent in the area you iwsh to purchase.
Keller Williams Atlantic Shore
Suggestions regarding lowing taxes on any property, ask the township tax assessors office procedure of appealing property taxes. In my area, the property owner has the right to appeal the tax assessment which in turn may lower the taxes on a particular property. Our township has a link in the township webpage with forms and intsructions on how to appeal your tax assessment. Property owners can print out the forms, fil them in and back the information with comparable solds properties, submit the form to the township assessors office as well as the Ciunty by April 1 of the year. A few of my clients have done this in the past few years, they did succeed in lowering the assessment on thier homes, which in then lowere the property taxes. I do not know if all townships in New Jersey work the same way, but it is worth the phone call to the tax assessors office. You probably can get the phone number from the township website or directory assistance for the tax assessors in the township. Good luck.