Newark Tax Appeal - Judgement Day
Now that we got that clear let me give you a little backstory.
I bought my house in 2003 when the housing market was going up rapidly but not out of control. Back then Newark had a tax abatement for first time buyers and being that I had a thriving business teaching people how to dance salsa in the same city I thought why not go for it. The plan was simple... Buy a newly constructed house for a good price with a 5 year tax abatement in an up and coming area.
But then 1 day I woke up and it was 2008. My business was disolved, the housing market had crashed and my great tax abatement was over. My taxes nearly doubled overnight from 5 k a year.
For 4 years I have seen my taxes go through the roof and haven't done anything about it because I have been lazy, forgetful and busy getting married and having 2 kids. However, last year I said enough is enough. In early 2012 I filled papers for a tax appeal to show them that I am being taxed on a much higher scale being that home prices have crashed down significantly.
Well I am happy to say that tomorrow I am going in at 9 am to prove my case. I am bringing 3 things that will be greatly needed to help me finally lower my property taxes.
1. A list of 5 undervalued houses sold in and around my neighborhood.
2. The current assessed value of my house.
3. Torn dirty clothes for sympathy.
Wish me luck.
Please Take The Poll
7/17/2012 12:13:28 am
Thinking of you!
7/17/2012 06:16:08 am
You are too sweet. They knocked 50K off of my assessment. Next year I will fight for more now that I know the process.
7/17/2012 07:20:25 am
I think the torn, dirty clothes might be beneficial (even though you're probably joking), unless they're completely heartless. $15,000 a year in taxes is just crazy, unless you have a huge house with a good amount of land.
7/17/2012 07:30:22 am
They lowered it. I will be saving about $1700 a year. Not great but something. I will try again next year.
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There are 3 things I can't change... my 2 kids, my 1 wife and my 0 rights.