For the 2019 tax year, the Town of Westfield, Union County, New Jersey underwent a revaluation for tax assessment purposes. Under the revaluation process, every property in town gets a new assessment. This is intended to represent 100% of market value, as of the date of valuation. (For tax assessment purposes, the date of value …
Have you ever heard the term “special-purpose property?” The Appraisal Institute defines such a property as “a limited-market property with a unique physical design, special construction materials, or a layout that restricts its utility to the use for which it was built…” Typical examples of special-purpose properties are schools, churches/houses of worship, museums, theaters, etc. …
In my business, I will typically consult with a prospective client prior to being retained. Sometimes, this can result in me not getting an assignment. Case in point: I was recently asked by an investor to appraise an office building here in Somerville. Knowing quite well the property and its specific location, I was aware …
A big thank you to the professionals at LaMountain Communications (ht: Eugene Sinclair) in setting me up with a great website. These guys are great!
I am very pleased to see that Bridgewater Township, Somerset County has entered into a deal to purchase the Hancock properties on North Bridge Street. This acquisition adds a key parcel to the adjacent ten acres already owned by Bridgewater. We at Mark Tinder Appraisals were glad to have provided the appraisals that were required …
A worthy cause: keeping Somerset County green.
A growing part of my business in recent days has been in “pre-purchase appraisals,” whereby a prospective purchaser orders an appraisal of a property (especially commercial properties) before making a firm contract purchase offer. The benefit of this should be obvious, and can be very significant: by knowing in advance what the property is worth …
On Friday, March 7, 2014, Congressman Leonard Lance (NJ-7) held a constituent outreach in Bridgewater Township, Somerset County. Sponsored by the Somerset County Business Partnership, this breakfast meeting featured in-depth comments and observations by Congressman Lance, along with an informative question-and-answer period after the Congressman’s remarks. After the meeting, I took the opportunity to speak …
With the start of the new year, it’s time to think seriously about appealing the tax assessment on your property (ies). If your property is assessed for more than it is actually worth, then by definition, you are paying more than your fair share of the tax burden for your municipality. Keep in mind, the …
In a recent article titled “Celebrity Hypocrites,” author and television journalist John Stossel wrote “Bon Jovi …. at tax time, …. labels himself a “farmer.” He pays only $100 in state property tax. And his tax dodge gimmick: raising honeybees.” Without commenting specifically on John Stossel or his politics (for the record: this site is …
Setting the record straight on Farmland Assessment Read More »