Re: [AsburyPark] Re: Taxes
Good to know...thank you Oak - I'm heading to the Domincan until May 5th. I get you via email when I get back Thank you, C. Brian Watkins cbrianwatk...@gmail.com -Original Message- From: dfsavgny dfsav...@yahoo.com Sender: AsburyPark@yahoogroups.com Date: Tue, 17 Apr 2012 01:06:36 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: Taxes appeal. I did and it got lowered --- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@... -Original Message- From: oakdorf oakdorf@... Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
Your credentials help vs the average Joe... --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote: appeal. I did and it got lowered --- In AsburyPark@yahoogroups.com, cbrianwatkins@ wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@ -Original Message- From: oakdorf oakdorf@ Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
maybe, but I had the sales and filed the appeal with them and the assessor made man offer. Actually I am out of my element on houses and especially NJ. Give me an office building or large multifamily/condo coop to protest, and I am okay. Won a $62M reduction for Trump Tower Condo here in Manhattan a few years back. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@... wrote: Your credentials help vs the average Joe... --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote: appeal. I did and it got lowered --- In AsburyPark@yahoogroups.com, cbrianwatkins@ wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@ -Original Message- From: oakdorf oakdorf@ Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
But those initials after your namedon't hurt. Like going to the dr and telling him what you read on webmd --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@... wrote: maybe, but I had the sales and filed the appeal with them and the assessor made man offer. Actually I am out of my element on houses and especially NJ. Give me an office building or large multifamily/condo coop to protest, and I am okay. Won a $62M reduction for Trump Tower Condo here in Manhattan a few years back. --- In AsburyPark@yahoogroups.com, oakdorf oakdorf@ wrote: Your credentials help vs the average Joe... --- In AsburyPark@yahoogroups.com, dfsavgny dfsavgny@ wrote: appeal. I did and it got lowered --- In AsburyPark@yahoogroups.com, cbrianwatkins@ wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@ -Original Message- From: oakdorf oakdorf@ Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
appeal. I did and it got lowered --- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@... -Original Message- From: oakdorf oakdorf@... Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
One of the last good streets that was waiting to be bought out. Even I had an offer on a house there... Didn't knock myself out bidding. And your taxes will continue to rise. You will eventually be picking up more and more of the school taxes. Good thing they didn't piss another 45000 on a blue field. At some point enough is enough. I've had three offers in on houses in AP the past year. Out I'd each time and not by much. --- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@... -Original Message- From: oakdorf oakdorf@... Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
Mistake one. Attorney for most homes. This is dans area...but a good property tax attorney is really good for commercial property. Did you ask the attorney for some history. I did my own a couple years ago and have to do it again. Its time consuming and you get beat up. They tell you just because your house is old and your neigh it is new... You need ammo. In a down market it may work. If you have a nice house and three houses around you were recently sold that are similar to yours...don't bother. You won't win. You need hard facts. Fact is in AP...mist of your homes are undervalued in terms of assessed value. That's a fact St least in my head. And I'm honest and I point that out to the few people that approached me about buying. Nowthat is why it is cheaper to rent sometimes then to buy. Or...buy in Wesley or north beach...support taxes. Still cheaper to rent in those but with prices lower now...spending on your goals..you can buy. Another Wesley grove fact when first concept sales were introduced starting price was around 279000 and up. Right then market went crazy and funny things happened. Doesn't matter. Old boring news. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Taxes
Can you show residential? Or just commerciallooking at a single family on 5th down the street from my 2family. Have no agentwould rather see a good body get the commission Thank you, C. Brian Watkins cbrianwatk...@gmail.com -Original Message- From: oakdorf oakd...@yahoo.com Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:22:52 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: Taxes One of the last good streets that was waiting to be bought out. Even I had an offer on a house there... Didn't knock myself out bidding. And your taxes will continue to rise. You will eventually be picking up more and more of the school taxes. Good thing they didn't piss another 45000 on a blue field. At some point enough is enough. I've had three offers in on houses in AP the past year. Out I'd each time and not by much. --- In AsburyPark@yahoogroups.com, cbrianwatkins@... wrote: I will shoot you an email soon about this. My 5th Ave property jumped this past year A LOTlots of sales by me in the last 12months Thank you, C. Brian Watkins cbrianwatkins@... -Original Message- From: oakdorf oakdorf@... Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 19:05:39 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Taxes Its about time property taxes are levels out on two factors.. Square footage and lot size and a factor of market value. Not your house is pretty or you have an extra bathroom or pretty shutters. All one has to do is look around AP. AP has a wide fluctuation for similar properties. Tax appeals now are available through monmouth county web site. If you think you are paying to much look at your tax bill. You'll need some recent sales to make your case. [Non-text portions of this message have been removed] [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
Yes. In FL on business but can take of.. back wed it Thurs. Ill email you. I always think 5th is prime. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Taxes
Thank you sir! Thank you, C. Brian Watkins cbrianwatk...@gmail.com -Original Message- From: oakdorf oakd...@yahoo.com Sender: AsburyPark@yahoogroups.com Date: Fri, 13 Apr 2012 20:49:31 To: AsburyPark@yahoogroups.com Reply-To: AsburyPark@yahoogroups.com Subject: [AsburyPark] Re: Taxes Yes. In FL on business but can take of.. back wed it Thurs. Ill email you. I always think 5th is prime. [Non-text portions of this message have been removed] Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: asburypark-dig...@yahoogroups.com asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
--- In AsburyPark@yahoogroups.com, dsher4 dsh...@... wrote: Werner, It was nice to meet you last week. I wondered if anyone noticed that new part on your tax bill that shows what the state is paying on your behalf as a homeowner in Asbury. How is the town ever going to generate the 45+ million (this is my calculation so not sure if it is correct) for schooling that is carried by the state every year. The deficit is so large it would seem to be insurmountable. Does anyone have any knowledge on the topic and when the Asbury revaluation is coming if it hasn't already? Dan S. === Likewise, sorry we couldn't chat more as I was awaiting my date with Judge Apostolou, Bill Gray, et al. The single most significant issue facing Asbury Park is economics. All the nice stuff, fun stuff, things to to, its better than it was, etc... means nothing if the City can not support itself due to dysfunctional redevelopment policies. Everyone should be sharpening their pencils Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes and Meters
Werner, Thanks for providing me with Bill Grant's name. There are 1200 spots on the street and approx 580 in the lots paved over by MM. I will be doing a real world, real assumptions set of analysis to determine how much those meters could generate in a given year and what that could generate in revenues or upfront investment. I've been lazy last few weeks enjoying time with the kids and now busy at work but i will have it done shortly. I will also provide a spreadsheet so all my math can be checked :) --- In AsburyPark@yahoogroups.com, wernerapnj wernera...@... wrote: --- In AsburyPark@yahoogroups.com, dsher4 dsher4@ wrote: Werner, It was nice to meet you last week. I wondered if anyone noticed that new part on your tax bill that shows what the state is paying on your behalf as a homeowner in Asbury. How is the town ever going to generate the 45+ million (this is my calculation so not sure if it is correct) for schooling that is carried by the state every year. The deficit is so large it would seem to be insurmountable. Does anyone have any knowledge on the topic and when the Asbury revaluation is coming if it hasn't already? Dan S. === Likewise, sorry we couldn't chat more as I was awaiting my date with Judge Apostolou, Bill Gray, et al. The single most significant issue facing Asbury Park is economics. All the nice stuff, fun stuff, things to to, its better than it was, etc... means nothing if the City can not support itself due to dysfunctional redevelopment policies. Everyone should be sharpening their pencils Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes and Meters
--- In AsburyPark@yahoogroups.com, dsher4 dsh...@... wrote: Werner, Thanks for providing me with Bill Grant's name. There are 1200 spots on the street and approx 580 in the lots paved over by MM. I will be doing a real world, real assumptions set of analysis to determine how much those meters could generate in a given year and what that could generate in revenues or upfront investment. I've been lazy last few weeks enjoying time with the kids and now busy at work but i will have it done shortly. I will also provide a spreadsheet so all my math can be checked :) === Ahh - that would be Brian Grant :-) I think there are more than 1200, I recall seeing numbered spaces in the 1400s and there are 100s of un-numbered spaces in addition. I'll take a look next time I get out. As it stands, in the absence of the 3000+ tax paying condos we are supposed to have, the only sources of revenue to the city are parking fees, beach access fees, event permit fees, and mercantile license fees. On top of the current tax ratable base. Are these items line itemed in that budget that was circulated? Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes and Meters
--- In AsburyPark@yahoogroups.com, wernerapnj wernera...@... wrote: add a liquor tax of 2.5% Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes and Meters
--- In AsburyPark@yahoogroups.com, oakdorf oakd...@... wrote: --- In AsburyPark@yahoogroups.com, wernerapnj wernerapnj@ wrote: add a liquor tax of 2.5% What ar you saying? There should be a tax? or There is a tax that the city collects? Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes and Meters
--- In AsburyPark@yahoogroups.com, dsher4 dsh...@... wrote: Werner, Thanks for providing me with Bill Grant's name. There are 1200 spots on the street and approx 580 in the lots paved over by MM. I will be doing a real world, real assumptions set of analysis to determine how much those meters could generate in a given year and what that could generate in revenues or upfront investment. I've been lazy last few weeks enjoying time with the kids and now busy at work but i will have it done shortly. I will also provide a spreadsheet so all my math can be checked :) Does the 1,200 spaces exclude the free handicap spaces? It would be nice if we had some statistics from the short period of parking revenues generated this summer. Because you have to estimate the average revenue per space per day. That of course depends upon the hours of operation, the likely length used on average, how many days at that rate and the turnover. There are some rules of thumb in parking operations depending upon the market. A lot of the assumptions (use depending upon season, turnover, etc.) could be reflected in historical average revenue but the operating history s too small to give a reasonable estimate. But I think we raked in $55K for a few weeks. That was with free parking in MM lots. I think you have operation of 19 hours from 9 am-2 am. At 100% utilization and at $.50/ hour that's $9.50/day per meter. That of course does not count for turnover when someone paid for more time but doesn't use it (the beauty of the central system - there are others that zero out the time when the car pulls out). But it also assumes 100% utilization. Take a conservative figure of $5 per meter per day. That's $6k/day for all 1,200 (if that is the number). So let's talk about just the summer for a moment. Figure 8 weeks at 7 days at that rate = $336,000. I think Oak and I lowballed it way back at least at $500K per year. There is a lot of revenue to be made from parking. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
--- In AsburyPark@yahoogroups.com, dsher4 dsh...@... wrote: Does anyone have any knowledge on the topic and when the Asbury revaluation is coming if it hasn't already? Revaluation should be revenue neutral (but often isn't). Just think of assessments and the tax rate as the matrix that will give the required revenue. Both will be tweaked to give the required revenue. That is what property tax is all about (seriously). Two relevant stories. I thought ours was supposed to be 2010. 1. ABERDEEN The Monmouth County Tax Board denied the township's request to delay implementing new property tax assessments because of bad economic conditions. County Tax Administrator Matthew S. Clark said approving the request only would mean that those people who are paying too much will continue paying too much. Regardless of what is going on in the market, Clark said, revaluations are necessary. Mayor David Sobel sent a written request to the board Dec. 2. A decision was made Dec. 17. The township completed a revaluation process in October, and the new assessments are expected to take effect this month, Township Manager Joseph Criscuolo said. 2. TOMS RIVER The newly completed revaluation shows the total value of property in the township is about $1 billion less than last year, reflecting the decline in the housing market. Township Tax Assessor Glenn Seelhorst said the revaluation was completed last week, and Certified Valuations, the company that conducted the revaluation, has begun sending letters to the approximately 42,000 Toms River property owners. The revaluation, the first in 14 years, had been scheduled to be completed last year, but the mayor and Township Council requested a one-year postponement to factor in current property values. We used the most recent (house) sales, and we are substantially less than we were in the 2008 calendar year, Seelhorst said, explaining how the total value of property in the township in 2007 for the 2008 tax-year study was roughly $18.8 billion. After considering the 2008 sales for 2009, the number is about a billion dollars less at approximately $17.8 billion for the 2009 tax year. Resident Victor Antonelli, who lives in the Lake Ridge adult community, said he predicts his two-bedroom, two-bathroom house will go down in value. My opinion is that they waited too long to implement this (revaluation), said Antonelli, 69. The market collapsed, so when they did those evaluations, they were very high. You have to give the taxpayers a fair shake. We are in a very bad economy. Antonelli said his home was valued at about $134,000 in 1994, and at its peak value several years ago, it reached almost $300,000. My house probably dropped from $300,000 to $230,000, he said of its value now. Seelhorst said that when the last revaluation was done in 1994, several areas of the township were substantially under- or over-assessed. He said areas such as the barrier islands and other waterfront properties were under-assessed, and will see an increase in appraisals and possibly taxes, and some areas, such as the adult communities of Greenbriar and Lake Ridge, were over-assessed. A revaluation is a revenue-neutral exercise, he said. It is designed to equitably allocate the tax burden based on sales. With an assessment at 100 percent of market sales value, naturally the tax rate will change, as reflected in the notice of value from the old average rate of $3.38 per $100 of value to an estimated $1.23 per $100 of value, to collect the same amount of tax revenue. Daniel Polifroni, a resident in the Ortley Beach section of Toms River, also said it's a bad time to conduct a revaluation. People are losing their homes and out of work, and then you raise taxes? said Polifroni, 88, a longtime member of the Ortley Beach Property Owners Association. If you want to reassess (the homes) to knock (the value) down, go ahead. But to reassess it for any other purpose is ridiculous right now. Polifroni said the idea of reassessing homes in this economic climate is bad governing. They should discontinue it for better times, he said. If times are good, you expect to pay your fair share. But times are bad, people can barely pay their taxes now. Toms River Mayor Thomas F. Kelaher said the revaluation was postponed in order to evaluate the homes with the current market conditions. A lot of people are going to be pleased that their evaluations are going to go up, and their taxes will not go up, or in some instances, may even go down, Kelaher said. But the mayor agreed with Seelhorst that the waterfront, river, bay and ocean areas will go up. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email:
[AsburyPark] Re: Taxes
I found this on the web for those who are interested. Its a FAQ for a company that does revaluation appraisal in New Jersey municipalities. I found it informative. Here is the link also Why is my town undergoing a revaluation now? Towns undertake revaluations periodically to reflect current market conditions. Neighborhoods change, individual homes may change, but assessments are mostly static. The one major exception is if you improve or enlarge your dwelling. Since market conditions change, and assessments rarely change over time, the relationship between assessments and market values becomes more distant and must be brought into line. Top What is the purpose of revaluation? The purpose of the revaluation is to redistribute the existing tax burden more fairly based on current market value: If your home is worth $300,000 you should be assessed at $300,000. If your home is worth $500,000, you should be assessed at $500,000. This principle is established by the New Jersey Constitution, and spelled out specifically in statutory law. Top Will my taxes go up after the reval? Many homeowners think that the town is using the revaluation to raise property taxes. This is not the case. The amount that you pay in real estate taxes is determined by your municipal, county and local school district budgets. If these budgets go up from one year to the next, and state aid is static, property taxes will rise, whether or not the town undertakes a reval. Top What happens to the tax rate after a revaluation? Because the ratable base (total assessed value of all properties in town) goes up after a revaluation, the tax rate is adjusted downward. For example: Pre-reval Assessed Value x. Tax Rate = Pre-reval Taxes $250,000 x $4.00 = $10,000 Post-reval Assessed Value x. Tax Rate = Post-reval Taxes $500,000 x $2.00 = $10,000 Top Why do you need to come into my home? The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property. Top I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company- issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of
[AsburyPark] Re: Taxes
--- In AsburyPark@yahoogroups.com, dsher4 dsh...@... wrote: Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Bullticky. Only let them in if your house is below average. If you fixed it up, keep them out. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes
--- In AsburyPark@yahoogroups.com, dfsavgny dfsav...@... wrote: --- In AsburyPark@yahoogroups.com, dsher4 dsher4@ wrote: Do I have to let the inspector into my house? miss the appointment. Keep your house looking like shit on the outside, otherwise - you get penalized for having fixed up your house - like driveway, new windows, roof, etc - everything is a tack-on. I'm gonna go for two tax appeals on two little house I have. 700 sq ft, 100x100 lot, $4100 400 sq ft, 50x100 lot, $3300 Both in OT. School taxes we actually have to pay (about 93%) vs AP property owner pays about 6% (both numbers +/-) Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:asburypark-dig...@yahoogroups.com mailto:asburypark-fullfeatu...@yahoogroups.com * To unsubscribe from this group, send an email to: asburypark-unsubscr...@yahoogroups.com * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes Paid by Income Levels
where you land in the tax bracket is the END result of working and contributing and some tax planning. Even low income people should be tax planning. Yes, the same basic rule applies: From the first day you start WORKING, you contribute to a retirement plan - whatever it is - 3% 6% etc. That's rule one. I don't care if you're 16 or 40 or 50. People can't do it. Then some people get f'd by the market or get bad advice. When I grew up, our old neighbor (african american) who was a hard worker used to tell me when someone asked him if took cash or check for instlling the heater ...don't you worry none about me an Uncle Same...I take care of him and he takes care of me... Used to be when you went for a loan the honest banker I knew told me don't ever try to hide income, the more income you make, the more you can borrow... The tax system enables BOTH rich and poor opportunities for tax credits (some more to the lower income then the rich - like medical, childcare,education, work etc...) not to say that rich also have different tax benefits IF planned. Lower income people may or may not have tax free income where the middle or upper class don't. When you look at the big picture what is the FAIR tax that EVERYONE should be paying. Should the lower income NOT pay any tax - only the rich? And again, what is the defintion of rich. Behind my desk is a book called Numbers. I mentioned it before. I took an invite to the boat show in florida. I have in my ear what my dad did when he drove around here who can afford all this... Like looking around at boats $5k to $40million or more. Houses along the water - $5m, $40m guys that own 10 houses along the canal... makes one feel poor - or not?? Should I feel poor given the opportunity I had and STILL have to succeed (did I succeed yet- how come I don't have a megayacht or even a dingy??) or a house next to ONE of Wayne Huizinga's or why wasn't I invited to HIS party?? Every kid should be given a book in school about success and how to get there - other then being born right. Thinking, reading being creative and just hustling. You might not get filthy rich but at least you have a better shot then many others at success how you want to define it. My favorite line at the boat show when I was walking past a $22m yacht from a women talking to another crew member after she was done wiping a part of the side ...do you see any water spots... did I get them all... Nothing made me happier then looking at the spot on my shorts that I was wearing all day (actually 2 days with the same spot..) Imagine if I had to make someone working for me worry if there was a water spot on my yacht. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Taxes on the Pavillions
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: What is te $ amount EACH pavillion is paying in taxes? How much in $ for the vacant parcels. The mini-golf on 1st ave is no longer vacant. When is AP scheduled for a re-val? This may help you: http://oprs.co.monmouth.nj.us/Oprs/taxboard/HeadFrame.aspx?idx=mod Enter 227 for the block number and all the lots on the beachfront pop out. Werner Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
