Damage from Hurricane Sandy? Get re-assessed!

Many property owners in Hoboken suffered devastating damage and loss during Hurricane Sandy. A very frustrating time as they pick up the pieces, deal with insurance companies, FEMA, and much more.

But did you know that you might be able to get your property taxes LOWERED?

Brian Steele of RE/MAX Gold Coast Realty shared this helpful tidbit that might help lessen the sting that residents felt after the storm…

Property Assessment on Storm Damaged Homes in Hoboken

“If your home suffered a material depreciation in value due to property damage from Hurricane Sandy, you might want to have your 2013 property tax assessment reflect the true value of your property.

If so, a notice advising your tax assessor of the damage must be sent by January 10, 2013.

If you fail to notify the tax assessor by this date, your property will most likely be assessed in the condition it was in on October 1, 2012. Please note that this only pertains to property in which the value is materially depreciated by storm damage.

This link provides information regarding tax assessments in such circumstances – N.J.S.A. 54:4-35.1.

The statute requires the property owner to take action by January 10, 2013.”

Good luck everyone!