Princeton Township Real Estate Tax Revaluation

If you are Princeton real estate home buyer you may want to know about the upcoming tax assessment. Thinking of selling your Princeton property?  You may want to think about the implications of this on you sale. If live in Princeton Township you most likely know already that the tax assessments will take place in 2010.

The first step in the revaluation would be the inspection by Appraisal Systems, a company hired by the Princeton Township. The Appraisal Systems will visit each Princeton Twp. property and conduct an exterior and interior inspection.

According to the Princeton Township they will measure the exterior and all improvements and photograph the front and rear of buildings.

The interior inspection would be conducted either on the first visit, or if no one is home at a subsequent date. Princeton township says to “not allow anyone to enter your home without proper identification”.

If you as a Princeton Township homeowner consider your Princeton property to have a “unique condition that influences value” , you could send documentation to  Appraisal Systems Inc,. * Catano Avenue, Morristown, NJ 07960.

Because of the declining home values for some Princeton homes for sale, you could benefit  from having a sense of your property market value (which is not the same as appraised value) before the appraisal. The market value information I provided helped some homeowners to reduce their property tax.

Princeton NJ Real Estate Market Report