Friday, June 11, 2010
Pearl of Wisdom - You Cannot Appeal Taxes on a Tax Abated Property.
I just called for a showing on a property with a 20 year tax abatement and a customer of mine noticed that the taxes were extremely high on the property. So, I called to check with the listing agent. I thought for sure that she was going to say that it was a typo. As it turns out, the property was originally sold for $620,000 under a tax abatement and you cannot appeal taxes on a tax abatement.
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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