Home Buying in 07450>Question Details

Craig, Home Buyer in Ridgewood, NJ

Why are taxes in the Orchard Schools area considerably less than other parts of town?

Asked by Craig, Ridgewood, NJ Mon Jun 25, 2012

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Taxes are based upon the assessed value of a home. Assessments are based upon lot size, a properties square footage, improvements, etc. Although it may seem that the taxes in the Orchard School district are lower, tax values are based on a number of factors. To find your next Ridgewood home, go to: http://www.bergencountyhomesearcher.com/results.aspx?custom=…
0 votes Thank Flag Link Wed Nov 21, 2012
The assessment calculations are not based on elementary school districts, but rather on lot square footage, building square footage, and a host of other elements within the home (e.g. to give you an example of the level of detail, a double vanity sink is counted differently than a single, because of the additional plumbing fixture involved). The Tax Assessor's office can give you a list of all the items that go into the analysis. You may be looking at properties that happen to be on a main road in a certain school district, which could have an impact on the taxes, or it could be one of the many other elements. In general, Orchard is taxed the same as Willard, Ridge, etc. If you have any questions about the comparison between specific homes, I'm happy to try to explain the tax difference. You can contact me at mcronk@tarvinrealtors.com.
0 votes Thank Flag Link Mon Jun 25, 2012
Taxes are something that home buyers and sellers struggle with because there are many factors that go into the assessment. Two homes that are fairly equal in terms of location, bedrooms, baths and square footage, can be assessed differently depending on when work was done, and what comparables were available when a assessment was being done etc....The homes in Orchard school are not assessed lower although those homes that are are thankful that they have a "tax break".

If you have any other questions you can email or call me...jparsekian@tarvinrealtors.com, 201-213-9018 c.
0 votes Thank Flag Link Mon Jun 25, 2012
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