Hi New homeowner here and we just bought March of 2022. We just got a notice in the mail about Property Reassessment. We live in West Orange, NJ.
When moving in, we redid our kitchen, installed a new central a/c system, had an electrical service, fixed some small plumbing issues, and redid the flooring in one of the rooms.
Also the last assessment was done almost 12 years ago and very undervalued compared to purchase price: Purchase price was 525k and and current assessed value is $296,900.
We have some other comparable on my street that did major remodeling/new constructions that have a lower assessed value than me.
They left a note on my door asking to do an interior inspection and the brochure they sent threatened that if we don't do an interior inspection they will assume the highest possible value.
I have no experience with these assessments before and wanted to get everyone's thoughts. Should we let them in at all? Is it worth letting them in and seeing what they come up with and then disputing it? If I ever do an official appeal, I have to let them do the interior inspection before I can appeal.
Thanks everyone in advance for your inputs.
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source https://www.reddit.com/r/RealEstate/comments/16thl0r/west_orange_tax_assessment/
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