Newsflash: City of Passaic, NJ – citywide property tax assessments – commercial properties doubled

City of Passaic, NJ – just performed a city-wide re-assessment of all the properties in the city – we have a commercial property here and the city has doubled what they deem the ‘true value’ of our property – and effectively doubled our property tax in one year.There are thousands of property owners facing this issue – and you even have law firms sending out ads just to combat this asinine route this city is going just to make some bucks.Is there a case against the city? Can we have the state to convene here? We appealed to the city court – but the court re-affirmed the city’s decision.. what are we supposed to do?

Read more at https://www.reddit.com/r/RealEstate/comments/4vinuf/city_of_passaic_nj_citywide_property_tax/?utm_source=ifttt

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