Jersey City Reval Update: What Homeowners Need to Know

19
Brownstones On Van Vorst Park Jersey City
Brownstones along Van Vorst Park, downtown Jersey City. Photo by Jared Kofsky/Jersey Digs.

Jersey City’s much-maligned property tax revaluation is finally here, and elected officials are ensuring homeowners are prepared for what will be a stressful process for some.

Appraisal Systems, the company managing the reval, has made an updated list of proposed assessments available online. [UPDATE: The online version of the assessments has been taken down, but you can download an Excel list at this link.] As expected, homeowners in Downtown Jersey City will be hit with significant property tax increases. (Select neighborhoods in The Heights, Journal Square, and Bergen-Lafayette will also experience some tax increases, based on preliminary results released in December.)

- Advertisement -

The preliminary timeline for the reval process is as follows:

  • February 2018 – Notification of assessed value of home and 2018 property taxes will be mailed no later than the week of Feb. 19.
  • February-March 2018 – Current deadline for the informal appeals process is March 15.
  • May 2018 – Formal Appeals Deadline. (The deadline is to be determined.)
  • July 2018 – Notification of final 2018 tax bill.

With many homeowners yet to receive the notification of their property tax bill, the city is working with the county and state to extend the informal appeals deadline. Any residents seeking their assessed 2018 property tax should contact Appraisal Systems by emailing [email protected]. Homeowners can also schedule an appointment to have an inspector come to their home and assess their property value.

Newly-elected Downtown Councilman James Solomon has prioritized informing Ward E homeowners about the reval. Solomon is presenting pertinent information at Downtown community meetings throughout the month of February and he has made a presentation available online.

Solomon told Jersey Digs in a statement, “I want [downtown homeowners] to know that I will work with them through the appeals process, senior freeze, etc. to ensure their assessment is fair and they can take advantage of every option available to mitigate the reval.” Solomon also stated that he will introduce legislation to reform the reval process and “subject every financial decision the City makes to strict scrutiny including the budget and abatements.”

Upcoming community meetings with the Downtown councilman will be held:

  • February 7 – Holy Rosary Church (344 6th St.), 8-9:30 p.m.
  • February 12 – Village Neighborhood Association, Casa Columbo (380 Monmouth St.), 7-8 p.m.
  • February 12 – Harsimus Cove Association, Grace Van Vorst Church (Entrance on 2nd St.), 8-9 p.m.
  • February 20 – Van Vorst Park Association, Barrow Mansion (83 Wayne St.), 7-8 p.m.

Additional tutorials, created by Civic Parent’s Brigid D’Souza, are also available. (D’Souza hosts two upcoming property tax workshops at St. Aedan’s: The Saint Peter’s University Church on Feb. 15 and Our Lady of Mercy Church in Country Village on Feb. 19).

--

Have something to add to this story? Email [email protected]. Stay up-to-date by following Jersey Digs on Twitter and Instagram, and liking us on Facebook.

- Advertisement -

19 COMMENTS

  1. NJ’s process for assessing property taxes is problematic for a number of reasons. For instance, long-time resident homeowners in the downtown area are going to be hardest hit. Elderly folks who live on fixed incomes are going to be hard pressed to find additional funds to pay these taxes. Thus, compounding the issues of gentrification, etc. I believe property taxes should be reassessed when a property is sold. This would take into account the market value of the home at the point of sale. This is how California assesses property taxes. Under such a scheme, long-time residents would not have to worry about their taxes going up. Only those who are buying into the market, contributing to the skyrocketing property values, would have to pay increased amounts based on what they can, presumably, already afford. This just makes sense. No need to worry about a city-wide reval, just individual revals that take place whenever a property transaction occurs. Simple.

  2. If the reval causes the crackhouse down the street to be torn down, I’m more than willing to pay the $800 increase in taxes (avg increase for Heights condos) knowing our property values appreciation will easily surpass that figure. Same logic can be applied to DT.

  3. My mom almost lost her home of 50 years in Hoboken, because of the revaluation. It took over a year to get the taxes lowered to a reasonable level. I feel for the older retired folks in JC, many are going to lose there homes.

  4. Whilst I understand the concern from the seniors whose tax bills will be increasing are concerned lets have a reality check here because they are also living in property worth a lot of money, its not like they will be kicked to the curb with nothing. I can’t feel sympathy for the 81 year woman whose now has to pay the same tax as everyone else when her house is worth $2.5million welcome to the real world. Jersey city needs a reset they are giving away rebates worth hundreds of millions to developers and everyone thinks it cool to live there and pay no taxes. Its time to pay the piper JC this should have been done years ago as in every other town, the free ride is over.

  5. I contacted appraisal company and they said that they could not give assessment until it goes out in the mail, so we’ll just have to wait. Agree that informal appeal needs to be pushed back.

  6. I wish some folks in the media would understand that this is a reassessment, not an overall tax increase. The city will collect the same about of revenue, just re-balance that amount based on current property values. I used to have a new house in the princeton area, and was paying far more than older home of the same size. Once they did a reassessment (after 20 years!!!), lots of older home went up in taxes to more reasonable rates, mine went down about $4k.

    People also have to realize that anything condo/apartment building built in the last 5 years or so is SUBSIDIZING the current city budget beyond reason. Taxes on newer units is completely insane right now, and is way unbalanced. Where is the sense of a 2 bedroom condo paying $23,000/year when an older 4 bedroom townhouse is barely paying $10,000? There needs to be a balance based on what services a property uses vs. the cost; not just plain property value numbers. Would much rather them use bedrooms and sq. footage as a guide vs. how nice their kitchen is.

    I will agree that a soft roll out of taxes would be far more humane than just a clear bill. Maybe 3-4 years; those who are getting a reduction will see theirs lower over time, opposite of those who are getting an increase. And yes, senior only (not with their adult kids living off them!!!) discounts are in order. Neighborhoods need balance.

    I love that quote i keep hearing about this women having her taxes doubled for the 2-family house she inherited. If she’s now paying $40K a year in taxes, the building must be worth $4-5million (and I’m sure they paid a fraction of that). Sorry, zero sympathy here.

  7. Wow, this is just crazy. My landlord’s tax will go up from 14K to 26K, I’ve been living there for almost 20 years, I’m afraid they’ll sell the house, they have no money to pay this amount. They’ve been treating me well, it’s really sad. I really liked JC in the late 90’s and early 2000’s, not so much now. Everything is so expensive and kinda fake, it’s a shame what they’ve done to Newark ave, bar after bar, no style whatsoever. In the 90’s we at least have art studios and quiet Sunday afternoons, now, forget it. I hate all that development, if I want to go to a bar or restaurant, I’ll to the City. I wonder who benefits, not longtime residents for sure. Another small town USA wasted. I agree with JC Resident that taxes should be reassessed when a property is sold, it makes sense.

  8. taxes just went up 7,000 where are retired seniors supposed to come up with that money, and why should they leave a home they’ve lived in 50 years

  9. Does anyone know how many of the newer building downtown have tax abatements? and for how long? Also is there a diffrent formula for Comercial versus residential.

  10. We are willing to pay our share but when it went from $9,000 to $24,000, how do they expect people to come up with that kind of money instantly. Why did they not increase it gradually over the years. I can see you are not a home owner that’s why you can say those words.

LEAVE A REPLY

Please enter your comment!
Please enter your name here