Now is the time to reduce your property taxes and save hundreds maybe thousands of dollars now and into the future with a property tax appeal With home prices down 25 percent from peak levels you may be paying more property taxes than the home is worth. Some homeowners may be entitled to a reduction in property taxes DO THE MATH- to determine what value your tax assessor feels your home is worth divide the total assessments (land plus improvements) by the towns average ratio. See link to find ratio. Each town has a safety cushion of 15 percent of the total value. example If a town assessing a property at $500,000 but with an average ratio of 50% is really placing a value of 1 million on the property. DO NOT DELAY ! The filing deadline for tax appeals in NJ is April 1, each year. Burwan Appraisal Services can determine if you qualify for a property tax appeal. Then if so desired we can perform the necessary services required for completion of your appeal. A preliminary qualification of your tax appeal is $150.00. This includes a site visit, measurement of dwelling and interior floor plan, inspection of visible items and consultation with home owner. at that time if the owner wants to move forward and an appraisal is necessary the $150.00 will be applied to the appraisal fee