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