Blecher_onthe_Hudson OP t1_jad7a6d wrote
Reply to comment by bobomerk99 in Anyone else get a 'Chapter 91' notice from the city assessor demanding rent & expense info on income property? by Blecher_onthe_Hudson
Very easy, just compare the assessment of a local property with a store vs similar ones without. https://oprs.co.monmouth.nj.us/oprs/External.aspx?iId=12
265 8th st, AKA 'Walt's Liquor", commercial property with store and 3 units $964,600
267 8th st 4 units $1,284,600
269 8th st 4 units $1,419,600
Note that 265 is a corner and obviously worth more just in land value.
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