This just in from the township:
Realty Appraisal Co. reports that 2011 Montclair property sales data is available on their website (http://www.realtyappraisal.
net/#!__current-revaluations- copy1/vstc8=montclair ).The company also reports that reassessments have been completed, with the exception of informal meetings with property owners which are in progress. All residential property value notifications have been mailed out. Commercial valuation letters will go out soon. Â Montclair hired Realty Appraisal Co. last year to conduct a township-wide reassessment of all township properties.
The sales data is from 7/10 thru 1/11. Appeals will use data thru October 2011. Get ready for more chaos. The informal meetings are just that. They flip thru a book and say well, we could cherry pick, you could cherry pick, but it is what it is. And they have no power to fix your property card if it is wrong by doing an in house inspection which i wanted them to do.
These are sales numbers. Not reassessment numbers. You still have no way of knowing whether or not you were fairly assessed comparable to your neighbors or houses in other areas of town.
What would be helpful would be to see the assessments of the homes that sold, so you can calculate the ratio between assessment and sales price and compare it to your assessment and estimate of the market value of your own home.
jaja – If your property record is wrong, then you need to call the assessor and demand that it be fixed and your assessment adjusted accordingly. Get a copy of the property record card as it stands with the ASI numbers. You are legally entitled to a copy of your card. The assessor cannot deny this.
You likely have standing before the County Tax Board to prove that the data they used to calculate your assessment is incorrect (you might want to do some research on this….at a minimum, a call to the Essex County Board of Taxation should clear that up for you).