Why Are My Property Taxes Going Up? - 01/13/11 12:26 PM
Any town's tax assessor office will tell you the calculation of your home's property taxes is simply the assessed value of the home multiplied by the tax rate.  Many homeowners assume that when the current real estate market takes a down turn, causing the market value of homes to decrease, the same will fall suit with the tax assessed value of the homes; and, therefore, a reduction in property taxes is expected.
Unfortunately, this is rarely the case.  As a matter of fact, more often than not, property taxes continue to increase even when market values decrease.  Here are a few … (1 comments)

 
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Antje (Angie) Virostek

Rockaway, NJ

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Weichert Realtors

Address: 1625 Rt 10 E., Morris Plains, NJ, 07950

Office Phone: (973) 984-1400 x 184

Cell Phone: (201) 400-5654

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