New Jersey homeowners and businesses appealed their property tax assessments in record numbers for the 2009 tax year, a trend that will likely continue in 2010. The recent real estate market downturn has had many property owners questioning the accuracy of the assessed value of their properties. Municipalities that undertook a revaluation of property at the height of the real estate boom are facing an increasing amount of appeals by owners who claim that their assessments are too high. » Read the rest of this entry «