Home Buying in Oceanport>Question Details

Irishman2005, Home Buyer in Oceanport, NJ

how do I get a comparable for the Real Estate taxes for a $1m home in Oceanport to a $1m home in Fair Haven?

Asked by Irishman2005, Oceanport, NJ Sun Jun 6, 2010

Help the community by answering this question:

Answers

5
Leonard Dunikoski’s answer
Any Realtor will be happy to do a complimentary Comparative Market Analysis (CMA) for you. However, my advice is to go to a Realtor who is a LOCAL EXPERT in Oceanport, Fair Haven, Little Silver, or whatever community you're considering. Someone who lives in the town (or an adjacent town) is most likely to have a true idea of the real estate market in that town or even in a particular neighborhood within a town.
0 votes Thank Flag Link Mon Mar 5, 2012
BEST ANSWER
I agree with Anna and Trevolyn. You should talk to or access the web site for your local assessor. Most assessors have a public relations outreach program designed especially for helping property owners, or potential property owners, understand assessments and taxes.

There are three things that typically determine how much you pay in real estate taxes:

1. The assessed value (estimated by the local assessor as of a specific date using sales studied for a specific timeframe). You will want to know when the last reassessment was made in Oceanport vs. Fair Haven. The assessment may be lower now in one city because they haven’t had a reassessment lately, but one could take place next year.

2. The real estate tax rates (set by local taxing districts). Find out what the total real estate rates are for Oceanport vs. Fair Haven (not just schools or city, but all taxing districts).

3. The real estate assessment or real estate tax abatements, deferrals, and exemptions that you may qualify for, if any, in Oceanport vs. Fair Haven. In some state these can vary by city and county within the same state.
0 votes Thank Flag Link Sun Jun 6, 2010
Any Realtor will be happy to do a complimentary Comparative Market Analysis (CMA) for you. However, my advice is to go to a Realtor who is a LOCAL EXPERT in Oceanport, Fair Haven, Little Silver, or whatever community you're considering. Someone who lives in the town (or an adjacent town) is most likely to have a true idea of the real estate market in that town or even in a particular neighborhood within a town.
0 votes Thank Flag Link Mon Mar 5, 2012
If you are working with an agent he/she can help you as it relates to specific properties, etc. or contact the local tax departments and inquire.
0 votes Thank Flag Link Sun Jun 6, 2010
Hello Irishman2005,
You can go to the county assessor & they can let you know what the taxes would be (if you give them a specific address, that would be better so they can let you know re: any special assessments, otherwise they will just be able to give you the base tax rate).
If you ask your agent (since it sounds like you may be buying a home) they should be able to do this for you.
Have a great day!
Trevolyn
0 votes Thank Flag Link Sun Jun 6, 2010
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer