Taxes are not reassessed based on solely a sale. The taxes are reassessed when there is an improvement done that would trigger a reassessment, when a town wide tax reassessment takes place, if a tax appeal is won, when a Certificate of Occupancy for New Construction is issued, when a subdivision occurs, when a lot becomes vacant, and when lots merge. Also sometimes it takes a while for the reassessment to take place after a triggering event.
Looking to buy or sell on LBI? Call me at 609-300-3899.
Email: lbideidre@gmail.com
Insta: deidre_martin_lbi
Website: lbideidre.com