Quote:
Originally Posted by rjm1cc
My taxes were about triple in NJ. for a home (not counting basement) of the same size.
However I do have a few expenses in Fl that were included in my NJ taxes.
What I do not understand is how the assessor computes the market value on a new home. It does not seem to relate to what was paid for the home in my neighborhood. The assessments are less that what was paid. Anyone know the answer?
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If I remember correctly, my RE agent told me
tax assessments are based on 85% of market value.
This was for property in Sumter county.