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How do you know if your assessment is fair?
April 25th, 2009 1:44 PM
In 1973, the NJ Legislature adopted a formula known as Chapter 123 to test the fairness of an assessment. Once the Tax Board determines a property’s true market value during an appeal, they are required to compare true market value to assessed value.
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Posted by Joseph D'Onofrio on April 25th, 2009 1:44 PM
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