Property Q&A in Millville>Question Details

Helen Green, Other/Just Looking in Millville, NJ

The county is assessing our property at 2x the zillow.com estimate. Any suggestions as to what we can do? THx

Asked by Helen Green, Millville, NJ Wed Feb 18, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2002971664--Marlyn-Ter-Mil…

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Here try this for some information. It is important to start action now. consider all options to reduce your taxes even if they are re assessing... There has never been a better time...

http://www.trulia.com/blog/larry_sarlo/2009/02/how_to_reduce…

Larry Sarlo
Weichert Realtors
Turnersville, NJ
609-868-1171

http://www.njhomehunter.com/
0 votes Thank Flag Link Wed Feb 18, 2009
Hi Helen,

Your best bet is to look at comparable sales to your property within the last 6 months. The "assessment" is not necessarily equivalent to the "market value". That's why recent sales are so important. Zillow is known to be accurate about 50% of the time, so it's dangerous to base any conclusions on it. My suggestion is to ask a local realtor for help with the recent sales. I've done that here for folks just as a service...with no obligation! If the recent sales are lower than your assessment, then, by all means, I'd recommend appealing your assessment. If you do, be sure to go armed with this information.

Good luck! Please let me know if I can be of further assistance or if you need a dependable realtor contact in Millville. I'd be glad to help.

Lisa Giller, Realtor
Gillette Real Estate
860.221.8971
http://www.GreaterHartfordCtHomes.com
1 vote Thank Flag Link Wed Feb 18, 2009
Helen: You can always sue zillow for bad information. I don't know how zillow knows how to rate taxes on your property when they’ve never seen it.

The county does NOT assess properties in NJ, local municipalities do. If you have a real issue with your taxes, there is a procedure to be followed that allows you an appeal. You might start by visiting the local tax office and getting up to speed. A Realtor then might give you some free comps but if they are not done the way the tax law prescribes, they may be worthless.

I would take zillow with a grain of salt.

And, NO I am not interested in working on any tax appeals myself.

Best of Luck!
0 votes Thank Flag Link Wed Feb 18, 2009
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