Revaluation Seminar tonight

TONIGHT - Revaluation Webinar

The Maplewood Tax Assessor and revaluation firm Professional Property Appraisers invite all residents to attend their upcoming webinar on the Township's revaluation process. The webinar will take place tonight, January 24 at 7:00pm via Zoom, and will also be livestreamed through the Township's YouTube channel. Following the webinar, a recording of the event will remain on YouTube for future reference.

Please see below for Zoom information. For more, information see the event flyer.

Please click the link below to join the webinar:
https://twp-maplewood-nj-us.zoom.us/j/83408479898

Or One tap mobile :
US: +16469313860,,83408479898# or +19292056099,,83408479898#

Webinar ID: 834 0847 9898

I attended an earlier meeting held at the Senior Center for older adults age 60+ and found it extremely helpful.  If you can tune in this evening I would strongly recommend that you do.  Chose the Webinar option if you have questions you would like answered.

joan_crystal said:

I attended an earlier meeting held at the Senior Center for older adults age 60+ and found it extremely helpful.  If you can tune in this evening I would strongly recommend that you do.  Chose the Webinar option if you have questions you would like answered.

Being a veteran of many revaluations, was there anything new to learn, Joan?

May be time to dust off the ol tax appeal template.

jimmurphy said:

Being a veteran of many revaluations, was there anything new to learn, Joan?

Not really.  The standards applied and technique used remain unchanged from prior Revals.  It was mentioned during the zoom session that the completion date could be extended if there were insufficient comps to get an accurate valuation of all properties in both towns.  I can’t recall that being a factor in prior Revals.

Is this going to have the in-home checks, or just do a mathematical reval based on the in-home checks done several years ago?

joan_crystal said:

jimmurphy said:

Being a veteran of many revaluations, was there anything new to learn, Joan?

Not really.  The standards applied and technique used remain unchanged from prior Revals.  It was mentioned during the zoom session that the completion date could be extended if there were insufficient comps to get an accurate valuation of all properties in both towns.  I can’t recall that being a factor in prior Revals.

The concern there is the crazy real estate market that is finally settling down a bit, but there is some thought that it may take some extra time to get to a currently accurate valuation as a result. Of course, the main thing is that the valuation is equitable.  If everyone is high by the same proportion, then it won't impact the amount of tax we pay. But that would be unlikely, plus it is easier to make sure it is all fair if it people are confident that it actually represents current market value. What they can't do is just put it on hold, because the towns have been ordered (by the county or state, I don't recall which) to do it, pursuant to the applicable regulations. But they can appeal for an extension in some circumstances such as insufficient comps.

sprout said:

Is this going to have the in-home checks, or just do a mathematical reval based on the in-home checks done several years ago?

In the notice that was sent out - it says "Each property will be physically inspected on the exterior and interior by an experienced field representative".

Here's the seminar:

jamie said:

sprout said:

Is this going to have the in-home checks, or just do a mathematical reval based on the in-home checks done several years ago?

In the notice that was sent out - it says "Each property will be physically inspected on the exterior and interior by an experienced field representative".

We have yet to be contacted for the at-home visit. Are others hearing from them so far?  I read and hear more and more about lower home prices this year. Fingers crossed re comps.

From what I have heard, they haven't started in Maplewood yet; but, will soon.  We will not be contacted initially.  If we are not home when the data collector comes, they are supposed to leave a note with information regarding scheduling a visit.  Failure to do so could result in a maximum valuation.