Home Buying in Keyport>Question Details

Donna, Home Buyer in 08816

What is goin on in Aberdeen? I've seen a few homes listed where the taxes went up $1500 in one year without an increase in assessed value

Asked by Donna, 08816 Wed Oct 13, 2010

...yikes!

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6
That's happening in quite a few areas. Assessed values aren't going up so let's increase the tax on the assessed value. One way or another, they always seem to win...
1 vote Thank Flag Link Wed Oct 13, 2010
Hi Donna,

The tax rate determines the taxes, not the assessment. Many homes have the same assessment for years on end, yet the taxes rise each year like the tide before a hurricane.

You can ignore the property assessment for the most part, it is not indicative of the value of a home or its present or future taxes.

Good luck!

-Marc

Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235
Coolest map-based home search: http://www.marcpaolella.com
1 vote Thank Flag Link Wed Oct 13, 2010
Hi Donna- It's possible that Aberdeen left homes values unchanged, but to meet it's increased municipal budget decided to increase the ratio.

For example, if ratio is $30 per $1,000 of assessed value, then an $100,000 property, would have a $3,000 bill. So when they needed more money, they just made the ratio be higher than $30, and thereby increase the tax bill.
0 votes Thank Flag Link Thu Oct 14, 2010
Since the assessment is nothing more than a benchmark, and you have been advised to ignore that, it really comes down to the fact that Aberdeen is (or is not) raising their taxes on properties.

One reason taxes go up on a particular property results from recent improvements. Your best info will come directly from the town tax assessor in respect to questions on specific properties.
0 votes Thank Flag Link Thu Oct 14, 2010
Deborah Madey, Real Estate Pro in Red Bank, NJ
MVP'08
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Hi Donna
Aberdeen's taxes have always been a bit on the higher side, but the homes are priced lower for what you get in comparison to neighboring towns. It sounds as if you like Aberdeen & you have been looking in that town for a while since you noticed the same active listings from months back have higher taxes. I would suggest you call the tax collector in Aberdeen & ask them what is going on with the taxes. They will be happy to tell you & it is best to hear 1st hand so that you know before you buy.
0 votes Thank Flag Link Thu Oct 14, 2010
I ditto Marc's response. I counldn't have said it better.

Francesca
Web Reference: http://www.PatrizioRE.com
0 votes Thank Flag Link Wed Oct 13, 2010
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