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Township: In Wake of Sandy, Property Tax Assessment Timeframe Unclear

Those with damaged properties should complete form and submit documentation

A timeline for completing property reassessments in Toms River in the wake of Hurricane Sandy has not yet be established, according to a statement released by the township. 

A complete reassessment of all properties for the 2013 tax year was underway before Sandy battered portions of the township and any adjustments to structures damaged by the storm will be reflected next year, the statement reads.

Though the assessments typically are completed by Jan. 10 of that tax year, "due to the number of structures impacted by the storm, the Township is currently conferring with the State Division of Taxation to extend the tax list completion deadline so we can adequately address assessment reviews," the statement reads.

The results of the 2013 assessment will be mailed to "all" property owners, according to the township, and is anticipated to be completed in March though that timeframe is dependent upon extension approvals granted by the state and county.

Property owners with damaged structures on their land are required by New Jersey law to submit a written request for an assessment adjustment. A form, available online, should be submitted along with documentation and photographs of the damage before Jan. 10, 2013 to:

Toms River Township Tax Assessor
33 Washington St.
Toms River, NJ 08753

Written claims made that have already been made without using the form are acceptable and the assessors office will make written notifications if more information is required, according to the township.

SeriousCookie December 04, 2012 at 03:43 PM
Is this designed to scare homeowners from filing? The last paragraph of the Assessment Forms reads "- "If an assessment reduction is granted due to material damage from the storm, the property will likely be subject to a future ADDED ASSESSMENT upon completion of the restoration work. The Added Assessment will be pro-rated beginning the 1st of the month following completion of the work. A separate tax Bill is generated by the Tax Collector for Added Assessments in October."
shorefriend December 04, 2012 at 04:55 PM
Whether your home was damaged or not, let's face it the whole area is not as attractive as it once been. I can’t imagine real estate values being even close to what they were pre-hurricane? I think an argument could be made that the impact of Sandy seriously depleted the home value all through the Barrier Island. Ask yourself what would your home be apprised for at this time and down the road? In my opinion it’s going to be at least approximately 5 years before you see the real estate value come back to what it was; and that’s if no other major storm hits again.
Jay Gee December 04, 2012 at 05:39 PM
THAT'S WHAT I WANT TO KNOW. ALSO, ISN'T THE FACT THAT YOU OR A RENTER CAN'T LIVE THERE ENOUGH TO HAVE REUCTION IN TAXES? WHY HAS TO BE DAMAGES. TOWN DOESN'T LET YOU IN, NO WATER, NO ELECTRIC, NO GAS. HOW CAN YOU PAY TAXES FOR NO SERVICES...PLEASE SOMEONE WHO KNOWS POST WHY...THANK YOU.
Jay Gee December 04, 2012 at 05:40 PM
okay, reduction
Irina December 04, 2012 at 06:42 PM
No the value of the home went down due to damage, once the damage is fixed then the value is restored. When you ask for the final inspection on your work permits, expect the township to come out ASAP to reasses the value of the property. As for loss of revenue due to tennents leaving you, that's something you have to address on your income taxes. Loss/depreication for your business. Unless your not reporting the income like your supposed to be doing. Income tax evasion is bad can of woop-ass from the IRS.
Jay Gee December 04, 2012 at 06:58 PM
@I HAVE SPOKEN.................WHAT SOME PEOPLE ARE CONCERNED ABOUT IS.............THEY HAVE CONDO UNITS. SOME, OF COURSE WERE UPSTAIRS UNITS WHICH DID NOT SUSTAIN ANY DAMAGE, BUT BEC. THE DOWNSTAIRS UNITS WERE DEMOLISHED, AND SEWAGE BACK UP OCCURED, THE PLACES ARE NOT FIT FOR LIVING BY ANYONE. SO, JUST SAY, I PURCHASED A CONDO. UNIT FROM YOU LAST APRIL, AND I HADN'T DECIDED WHETHER I WOULD LIVE THERE, (AND CANNOT NOW), OR, HAVE A TENANT, (BUT NOT ABLE TO DO THAT EITHER), SHOULD I BE PAYING THE SAME TAXES WITHOUT HAVING THE SAME SERVICE, OR FOR NOT BEING ABLE TO STAY IN MY OWN PROPERTY? A FEW PEOPLE HAD THIS CONCERN, AS DAMAGE OCCURED IN FIRST FLOORS OF MULTI-FAMILY, IN SOME CASES, AND ON FIRST FLOOR OF CONDO'S IN OTHER PLACES. SO, I COULD NOT EXPLAIN IT TO THEM.
shorefriend December 04, 2012 at 07:27 PM
I guess the point I am trying to make is that even though you may have repaired your home to it's pre-damaged state; what about the retail value of your property in general? I agree taxes never go away "Death and Taxes" and everyone will eventualy have to pay; but the whole area is now de-valued. I would think that you could ask for a tax reduction just due to the fact that it is not as desirable as it once was to live there; therefore the value my home for example is no longer worth the $1m but now maybe $500k and we all know how inlfated realestate prices on the barrier island are, it's not the house that's the value, it's the Location, Location, Location! Which is now disaster, disaster, disaster!!
Jay Gee December 04, 2012 at 08:05 PM
@SHOREFRIEND...THAT'S WHAT I WAS ORIGINALLY LED TO BELIEVE....THAT THE VALUE IS NO LONGER WHAT IT WAS! AND BECAUSE OF THAT, WOULD MEAN LOWER TAXES...GUESS NOT TRUE. THEY CAN TAKE THE SAME TAXES? I DON'T GET IT...I USUALLY DON'T GET IT...WHAT TO MAKE OF IT?
CM December 04, 2012 at 08:13 PM
Oh I'm sure no own who owns a $1 million dollar home is going to sell it for half. Even after a major storm. Therefore it is worth more than that. The value will go up quickly as an investment property, as it had already lost a lot of value due to the economy. Bargain hunters will be coming in and the prices will rise quickly. This is the prime time to buy shore property.
Jay Gee December 04, 2012 at 08:33 PM
THAT MAY BE SO CM, HOWEVER, THE TAX ISSUE STILL LOOMS LARGE FOR MANY WHO DO NOT UNDERSTAND WHETHER OR NOT THE DEPRECIATION OF THE VALUE NOW, WARRANTS A REDUCTION IN 2013 TAXES.
Mattie December 04, 2012 at 08:41 PM
Until buyers find out the astronomical costs of insurance *and* flood insurance on these newly rebuilt homes right on the shore. And the insurance companies may not want to insure a 1.5 million dollar home in such a 'dangerous flood zone' area at full value. Might only cover 2/3 of the value. That's a big risk to take once again on a waterfront or near-waterfront property. IMO the truly smart people would take their money, rebuild and sell for whatever you can get. Or better yet, take the $$, bulldoze it all down to an empty lot, sell it and run to build or buy on the mainland away from the shore....
LiveinTR December 04, 2012 at 10:06 PM
There will be a reduction eventually granted to the Barrier Islands and affected lagoon homes as it should be. But watch out everyone else in TR as you will see a 20% to perhaps 30% increase in the property taxes.
SeriousCookie December 04, 2012 at 10:40 PM
It was okay four years ago when the barrier islands saw a huge increase in taxes and the mainland taxpayers received a decrease.
molly December 04, 2012 at 10:58 PM
agreed;and the potential for more storms will be there
Ajv December 05, 2012 at 02:39 AM
@jaygee, wtf? Why are you yelling? That's gonna change things? Get over yourself
Jay Gee December 05, 2012 at 02:47 AM
I'M NOT YELLING. YOU GET OVER YOURSELF. I'M NOT LOOKING FOR ATTENTION. I JUST HAVE QUESTIONS AND I'M GETTING BLINDER BY THE MINUTE. WHY DO YOU MIND?? IS THAT ALL YOU HAVE TO CONTRIBUTE?
Ajv December 05, 2012 at 02:58 AM
Why igot plenty to contribute. Are you gonna calm down or what
George December 05, 2012 at 03:42 AM
No reduction if repairs mostly completed by Jan. 1, according to the form. House uninhabitable for over 2 months, but no reduction? That's 17% of the year, but no reduction? Really?
dainty December 05, 2012 at 03:51 AM
I live on the mainland Toms River. My taxes went from 3,500 in 2007 to 6,500 in 2012. What reduction? lol
Donna Griffin December 05, 2012 at 05:21 AM
shorefriend - I think it's too soon to tell the long term impact of property values on the area as a result of the storm. Clearly damaged properties are not worth as much and their reduced values drag down the rest of the area. With that said, folks have a very short memory and as a matter of supply and demand, waterfront communities in the northeast are limited. Provided the town officials act quickly and responsibly and homeowners work quickly to rebuild, I am hopeful that the devaluation will be short lived.
Donna Griffin December 05, 2012 at 05:25 AM
Serious - I'm a mainlander and I have to agree with you. My taxes dropped by about 30% when Ortley was reassessed. Let's face it, I don't care what today's new home sales report indicates, real estate in Jersey is hurting and it is largely due to our high property tax rates and cost of living.
John December 05, 2012 at 05:31 PM
WOW.... Mattie. Very good post.
BN December 05, 2012 at 06:06 PM
Just use CTRL + and stop being a crybaby.
Irina December 05, 2012 at 11:07 PM
REFER TO WHAT I PREVIOUSLY POSTED.
Irina December 05, 2012 at 11:12 PM
WOW ARE YOU DENSE. LET ME EXPLAIN IT TO YOU AS SIMPLY AS POSSIBLE. IT IS BROKEN, IT IS WORTH LESS. THE TAX MAN WILL TELL YOU HOW LESS. AS SOON AS YOU FIX IT IT'S VALUE IS RESTORED. THEN THE TAX MAN WILL REASSESS YOU TO REFLECT FIXED. MY 6 YEAR OLD UNDERSTOOD ME.
Irina December 05, 2012 at 11:16 PM
@SeriousCookie Because the barrier island was horribly under assessed. The mainland was horribly over assessed. So when they adjusted the problem most of the mainland saw a small decrease. Damn skippy it was OK, why should I pay the share of a waterfront that was under-assessed?
Concerned December 06, 2012 at 12:09 AM
Ps; where do you report fraud? There are too many people with real problems for us to give $ to people who don't deserve it.

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