Contact Us

Hurricane Ravaged Homes Could Mean Tax Assessment Reduction [AUDIO]

MORE: NJ Recovering from Sandy

If your home suffered significant damage or was destroyed by Hurricane Sandy, you may qualify for a reduction in your assessment for the tax year 2013 under New Jersey law.

John Moore, Getty Images

The damage has to have taken place between October 1, 2012 and January 1, 2013.

“First, the property owner must notify their municipal assessor in writing by January 10, 2013 to tell them the property was damaged,” said Atlantic County Tax Administrator Marge Schott. “It’s also a good idea to take photos of the damage and enclose those photos because the assessor will come and inspect the property, but in some cases, the property owner may have already made repairs. Keep copies of the photos along with all records and correspondence”

The assessor will come and inspect the property. “Based on how much the material depreciation on the home is, the assessor will reduce the assessment which will, in turn, reduce the taxes. Unfortunately, if you don’t notify the assessor, the only option is to file a tax appeal for the year 2013. But, then you’ll be paying taxes for the full year of 2013 until there is a court hearing and a judgment is issued. So, it’s very important to notify the assessor,” said Schott.

For additional information, contact your local tax assessor.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

GALLERIES: More Photos of Sandy's Destruction in NJ

Best of WOBM

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for WOBM Listener Club quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive WOBM Listener Club contests, events, coupons, presales, and much more delivered to you for FREE.