The NJ Legislature adopted a formula known as Chapter 123 in 1973 to test the fairness of an assessment. Once the Tax Board has determined the true market value of a property during an appeal, they are required to automatically compare the true market value to the assessment. If the ratio of the assessment to the true value exceeds the average ratio by 15%, then the assessment is automatically reduced to the common level. However, if the assessment falls within this common level range, no adjustment will be made. If the assessment to true value ratio falls below the common level the Tax Board is obligated to increase the assessment to the common level. This test assumes the taxpayer will supply sufficient evidence to the Tax Board so they may determine the true market value of the property subject to the appeal. You should inquire into your district's average ratio before filing a tax appeal. This ratio changes annually on October 1, for use in the subsequent tax year.
If the Property was Recently Purchased, How is this Purchased Considered?
An assessment is an opinion of value. Uniformity of treatment dictates minor adjustments not be made simply due to a recent sales price. For various other reasons the subject's sales price may not necessarily be either conclusive evidence of the property's true market value, or binding upon the Tax Board. An examination of the circumstances surrounding a sale is always important.
May I Further Appeal the Judgment of the Tax Board if I am Still Dissatisfied?
If you are dissatisfied with the judgment rendered by the Tax Board, you will have 45 days from the date your judgment was mailed to file a further appeal with the Tax Court of NJ. If your property is assessed for more than $1,000,000, you may file directly with the Tax Court by April 1st annually.
Is there a calculator I can use to estimate by Unemployment Insurance Benefits?
The Weekly Benefit Rate is capped at a maximum amount based on the state minimum wage. For 2020, themaximumweekly benefit rate is $713.
Your weekly benefit rate is calculated at 60% of the average weekly wage you earned during the base year, up to that maximum. They determine the average weekly wage based on wage information your employer(s) report.
The most common symptoms of COVID-19 are fever, tiredness, and dry cough. Some patients may have aches and pains, nasal congestion, runny nose, sore throat or diarrhea. These symptoms are usually mild and begin gradually. Some people become infected but don’t develop any symptoms and don't feel unwell.
Most people (about 80%) recover from the disease without needing special treatment. Around 1 out of every 6 people who get COVID-19 becomes seriously ill and develops difficulty breathing. Older people, and those with underlying medical problems like high blood pressure, heart problems or diabetes, are more likely to develop serious illness.
People with fever, cough and difficulty breathing should seek medical attention.
Where can I find more information about all the cases in the US?