Property Record Card Description
TOP OF PROPERTY RECORD CARD
Information currently on file with the Assessor’s MODIV page
Information currently on file with the Assessor’s MODIV page
SALES HISTORY
Sales History of the property
Sales History of the property
LAND CALCULATIONS
Each property is situated in a “neighborhood” The land calculations are uniform for
each property within the same neighborhood. Specific land adjustments such as
“traffic” , “wet” , “topography” , etc. will be noted here as well.
BOTTOM LEFT HAND CORNER (SKETCH)
The sketch of the primary dwelling was produced by the field inspector who visited your property. Each section of the dwelling was measured from the outside wall dimensions and rounded to the nearest foot. The sections help separate the “livable” areas such as first story, upper story, half story or finished attic from “non-livable” areas such as basement, garage, porches, decks, patios.
ASSESSMENT HISTORY
Assessment history of the property
SITE INFORMATION
Site information includes your neighborhood number. Your neighborhood can be identified with the “neighborhood map”
BUILDING INFORMATION
Building information includes your “Building Class” This is a subjective classification relative to the quality of construction of the dwelling. Also included in building information is the exterior and interior condition. This is also a subjective classification based on the physical age of the dwelling. Improvements or lack there of conducted over the life of the dwelling can effect the reporting of this information
ROOM COUNT
The room count gives a descriptive overview of the layout of the dwelling. It is important to note that values are determined by the square footage calculations of the dwelling NOT the room count totals.
BUILDING PERMITS/REMARKS
Permit history of the property
RESIDENTIAL COST APPROACH
The residential cost approach takes all of the specific information obtained from the dwelling and applies a uniform set of calculations to arrive at a “cost to replace new” or “Base cost” The uniform cost calculations are obtained from the “Real Property Appraisal Manual for New Jersey Assessors Volume 1 & 2” After current cost conversion and class factors are applied the base cost is reduced by the applicable “net depreciation” which determines the Building Value.
BOTTOM RIGHT HAND CORNER
New Assessment broken down by Land, Building and Total
An Accurate Assessment Requires Accurate Data
BOTTOM LEFT HAND CORNER (SKETCH)
The sketch of the primary dwelling was produced by the field inspector who visited your property. Each section of the dwelling was measured from the outside wall dimensions and rounded to the nearest foot. The sections help separate the “livable” areas such as first story, upper story, half story or finished attic from “non-livable” areas such as basement, garage, porches, decks, patios.
ASSESSMENT HISTORY
Assessment history of the property
SITE INFORMATION
Site information includes your neighborhood number. Your neighborhood can be identified with the “neighborhood map”
BUILDING INFORMATION
Building information includes your “Building Class” This is a subjective classification relative to the quality of construction of the dwelling. Also included in building information is the exterior and interior condition. This is also a subjective classification based on the physical age of the dwelling. Improvements or lack there of conducted over the life of the dwelling can effect the reporting of this information
ROOM COUNT
The room count gives a descriptive overview of the layout of the dwelling. It is important to note that values are determined by the square footage calculations of the dwelling NOT the room count totals.
BUILDING PERMITS/REMARKS
Permit history of the property
RESIDENTIAL COST APPROACH
The residential cost approach takes all of the specific information obtained from the dwelling and applies a uniform set of calculations to arrive at a “cost to replace new” or “Base cost” The uniform cost calculations are obtained from the “Real Property Appraisal Manual for New Jersey Assessors Volume 1 & 2” After current cost conversion and class factors are applied the base cost is reduced by the applicable “net depreciation” which determines the Building Value.
BOTTOM RIGHT HAND CORNER
New Assessment broken down by Land, Building and Total
An Accurate Assessment Requires Accurate Data
The Property Record Card for your property may contain inaccurate or incomplete information that leads the tax assessor to place too high a value on it. You can get of a copy of the tax record at the tax assessor’s office. If you’re not sure where it’s located, call your local government office and inquire. Your municipality may make your assessment record available online.
Review the tax record for errors. Among other things, check the following:
- Is your home correctly classified as residential property?
- Is the size of your home and the lot it sits on correctly stated?
- Does the record accurately list the number of bedrooms and bathrooms?
- Does the record list improvements that were not actually made?
- Are defects in your home – such as a leaky basement or an aging roof – mentioned?
- Is the age of your home accurately stated?
- Is the purchase price accurate?
- Does the record give you the benefit of all the tax breaks that you may qualify for – such as those that may apply based on your income, age, disability, or military service?
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