As a certified public accountant Stanley “Stan” Gulkin provides tax preparation and consulting services to residents and businesses through his firm, Gulkin & Associates, LLC which is located in Livingston, N.J. An individual with years of experience as a certified public accountant and as an attorney in the past, Stan Gulkin also previously served as a commissioner of the Essex County Board of Taxation. Stan Gulkin was a commissioner for approximately eleven years and as such he dealt with the appeals by owners of real property of the assessments of their property by their municipality which effected their real easte taxes.
The Board of Taxation also has the responsibility of determining when a revaluation is appropriate within an entire municipality. Designed to spread the tax burden fairly within a municipality, a revaluation program appraises each property within a taxing district according to its true value. Revaluations ensure that property owners within the district each pay a fair share of the property tax. For instance, the program assures that owners of properties with approximately the same market values pay roughly the same amount in property taxes.
The process begins by evaluating the interior and exterior of each property within the district and inspecting its building dimensions. Tax assessors base a property’s true value on the price they believe it would likely sell for in October of the pretax year.
The Board of Taxation also has the responsibility of determining when a revaluation is appropriate within an entire municipality. Designed to spread the tax burden fairly within a municipality, a revaluation program appraises each property within a taxing district according to its true value. Revaluations ensure that property owners within the district each pay a fair share of the property tax. For instance, the program assures that owners of properties with approximately the same market values pay roughly the same amount in property taxes.
The process begins by evaluating the interior and exterior of each property within the district and inspecting its building dimensions. Tax assessors base a property’s true value on the price they believe it would likely sell for in October of the pretax year.