Downtown Jersey City homeowners nervously welcomed the New Year cognizant of their long-awaited property tax assessments, after initial estimates indicated that property taxes would increase by an average of 60%. During February and March, residents throughout Jersey City began to receive their updated assessments, with data published by the company hired to conduct the revaluation, Appraisal Systems, indicating that the estimated increase in Downtown was coming closer to 67% for 1-4 family homes and 24% for condominiums. Closing out the first quarter of the year, there was still no sense of finality to the tax revaluation; Appraisal Systems were relentlessly mailing out assessments and Mayor Fulop was actively committing himself to a “second revaluation” in 2019 to use any changes in the market to balance out taxes for the years to come. For more information about new changes and developments on all eight key Hudson County markets, download the Q1, 2018 market report, courtesy of Pure Properties.
Author:Anthony Curty Phone: 201-937-8802 Dated: June 15th 2018 Views: 1,176 About Anthony: ...
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"Patrick Southern listed and sold my Hoboken condo and I could not have been happier. We talked a number of times over three years as I rented out the property as an investment. As soon as I was ready to pull the trigger and list, Patrick was there to work with me every step of the way from determining the list price, to discussing a sale strategy, to completion of the sale. I received multiple offers and was very pleased with the offer and price I ultimately accepted. I live in San Francisco and so it was of the utmost importance that I have an agent who I could trust to run the show from 3000 miles away. Patrick and his stellar staff did just that--taking care of necessary details, getting documents as necessary to me on the West Coast, communicating with me in a timely manner despite the time difference, and generally making the process smooth for me even though I was far away. I am an agent myself in San Francisco and so I know how great Patrick is. Highest marks for knowledge of the market, professionalism, and responsiveness."