Tax Equity Assessment Comps & Appeal Intelligence
🎯 Inequity Identified (2 Verified Comps)
121 GEORGE STREET is cataloged under the Middlesex County, NJ property tax appraisal roll with an assessor fair market valuation of $446,900. Structural improvements constitute 27% ($119,400) of total parcel value, with allocated land value accounting for 73% ($327,500). Based on the prevailing NJ benchmark tax rate of 2.2%, estimated annual ad valorem taxes are approximately $9,832/year.
Assessed Land Valuation Baseline
$65.4910 / sq ft
Pure Cadastral Land Allocation ($327,500)
Plat Equity Disparity
Up to 28.2% Lower
Avg 27.2% reduction across 2 comps
Est. Potential Tax Rollback
$1,960 / yr
Immediate relief against certified assessment roll
Verified Pure Land Comparables (Private Holdings on Immediate Plat):
| Comparable APN |
Street Address / Owner |
Land Area |
Certified Land Value |
Land Rate / sq ft |
Inequity Gap |
|
|
45 GEORGE ST
|
7,501 sq ft |
$352,800 |
$47.0335 |
-28.2% |
|
LOCKED
1201_1•••••
|
20 GEO••••••••••••
|
7,275 sq ft |
$350,900 |
$48.2369 |
-26.3% |
Official Value Adjustment Board (VAB) Evidence Packet Ready
Under Florida Statutes § 193.011 and county appraisal guidelines, presenting verified lower-assessed adjacent land comparables establishes prima facie proof of unequal assessment. Open the official certified evidence packet ready for VAB board submission.
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