| Author |
Message |
    
Priya
| | Posted on Wednesday, January 17, 2001 - 9:32 pm: |     |
Hi,
We recently moved to town and needless to say it is overwhelming to hear all the noise about the recent tax increases.
Now we never received any reassesment from certified. Who can I talk to to get more details about the whole process.
The tases in this town are really higher to some other comparable towns, wonder what is the justification for further increasing taxes.
Is maplewood supposed to set the norm for highest taxes in the state and is there a comparable case?
Would love any info.
Thanks,
Priya |
Eliz
| | Posted on Wednesday, January 17, 2001 - 10:28 pm: | |
We were in the same position - you need to call Certified Valuations (call the town for the numbr or I 'm sure someone else on the board can post it for you). Tell them you are a new home owner - they required us to fax them our deed. They will fax you back a letter with your reval number which you can then multiply by .0266 for your estimated taxes. |
Lah
| | Posted on Wednesday, January 17, 2001 - 10:37 pm: | |
Priya -
Your taxes may or may not be higher. As a general rule of thumb, taxes on the eastern side of Maplewood will go down slightly as a result of the revaluation and taxes on the western side of Maplewood will go up, in many cases significantly. Houses in the middle section are supposedly roughly staying the same. There are definitely exceptions to this rule of thumb. Also, even though assessed values are going up tremendously, overall residential taxes are not supposed to be raised (any more than a normal year). The tax burden is just being redistributed among the homeowners. You should call Certified as the other poster suggests to find out what your situation is. Once you find out, I would be very interested to know if your revaluation is above or below what you paid for your house and approx where your house is. |
J123
| | Posted on Thursday, January 18, 2001 - 9:29 am: | |
We also moved into the neighbourhood very recently. The previous owners had got the assessment and passed on the papers to us when we moved in. We were startled to find that the valuation done by Certified (2 weeks after our offer was accepted) valued the house at $40k more than we paid - and we already paid $20k more than the asking! We have submitted our deed etc to them to get this adjusted. Does anyone know what outcome we can expect? Since the valuation is meant to be "fair market value", how can it be anything other than the price we paid for it? |
Davel
| | Posted on Thursday, January 18, 2001 - 10:43 am: | |
J123 - The fact that many homeowners in the past 2-3 years have paid substantially more than the asking price is one of the main reasons the reevaluation has resulted in such drastic increases for certain parts of town.
The fact that Certified valued your property at $40K more than what you paid seems to be a different indicator of why the reevaluation is so alarming - Certified is overvaluing some homes.
According to the Town Committee, Certified has revised reevaluations for over 500 properties. I have not heard many reports from the home owners of these properties. Do they believe the revised figures are accurate? I can't help but think that in your case you would get a revised figure that is much closer to what you paid. |
Overtaxdalready
| | Posted on Thursday, January 18, 2001 - 10:57 am: | |
Davel, I don't think the revised figures have been mailed out yet. |
Papa
| | Posted on Thursday, January 18, 2001 - 1:14 pm: | |
Nobody will be told what the new val. is until after Feb 1st .Probably after all the township meeting with the public ... business as usual.......... |
Tracks
| | Posted on Friday, January 19, 2001 - 12:31 pm: | |
Papa... the township has two meetings a month.. dates are well published. So there is another public meeting in Feb. Unless information is released at a public meeting, then it has to be released after one meeting and before the next. So what do you mean when you say "business as usual"? |
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