When you see a listing for the Claridge Houses in Verona, New Jersey on the internet or an agent emails you Claridge House units for sale or even when you meet the agent at one of the Claridge Houses in Verona you have access to the "financial information", i.e., total assessment (including land and building assessment), the taxes and the tax rate. Now one would assume that the total assessment, taxes and tax rate are correct and current and in some cases that may be but in some cases (mostly on older listings or Claridge units that have been on the market for a long time) the total assessment, tax rate and taxes are incorrect. The assessments are higher than they currently are and the tax rate shows 9.9. In speaking with Verona's Tax Assessor's Office today, I was informed that the Claridge Houses have been reassessed and the current tax rate lowered to 2.416.
With the NEW ASSESSMENT AND NEW LOWER TAX RATE, the impact on one of the Claridge House II units is significant:

The difference in taxes on this Claridge House Unit was $2,544 which results in a SAVINGS of $636 a quarter and $212 monthly!
Unfortunately, not every real estate website or multiple listing service has updated their tax records nor may every real estate agent beaware of this signficant new assessement and new tax rate at the Claridge Houses in Verona, so make sure you look to see if the tax data is from 2010 and that the tax rate is 2.416 or better yet, contact Essex County Real Estate Agent, Gina Chirico for real estate information on The Claridge Houses in Verona.
Don't believe everything you read! The New Assessment, New Tax Rate and New Property Taxes at The Claridge Houses in Verona do and will have an impact on you! 
Wondering what other towns in Essex County, New Jersey are undergoing property revaluations? Be sure to check out "Essex County, New Jersey Tax Reval Cheat Sheet" for current information on Essex County, New Jersey property revaluations.
As always, Essex County Real Estate at its BEST!

Gina Chirico, Sales Associate
Lattimer Realty
397 Route 46 West
Walgreens Shopping Plaza
Fairfield, NJ 07004
Cell: 973-715-1158
Office: 973-575-6353 ext 17
Fax: 973-882-8543
http://GinaChiricoRealEstate.com
Gina@GinaChiricoRealEstate.com
****With deep roots in Essex County, I service buyers and sellers throughout many Essex County towns and neighboring Morris, Passaic and Union Counties, specializing in the West Essex Communities of Fairfield, Caldwell, West Caldwell, North Caldwell, Roseland, Essex Fells, Verona and Cedar Grove and my hometown areas of Belleville, Bloomfield, Nutley and Little Falls.****

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1 Comments on Don't Believe Everything You Read! The New Assessment, New Tax Rate and New Property Taxes at The Claridge Houses in Verona
Gina I think that a lot people are confused about the tax assessments as it relates to the value of their property. Personally I just ignore my assessment in relationship to the value of my home. To me, it's only value is to the tax collector.