Submitted by Chris_NJ t3_xx91yo in jerseycity
Blecher_onthe_Hudson t1_irblc1k wrote
Reply to comment by ProBillofRights in NY Times Real Estate weekly article "The Hunt" features couple looking in the Heights... by Chris_NJ
Sigh. Just to clarify for those new to this game, there's no such thing as a reval tax. Their property value was underassessed, and the taxes went up dramatically once that was corrected in the reval. $27k at 1.6% means their property was assessed at a value of $1.7m, seems about right given what was said.
Odd are this property was Downtown and not in the Heights, where properties were overwhelmingly overassessed, and paying more than they should have, prior to the reval.
Viewing a single comment thread. View all comments