Tax re-assessment in Atlantic City

[Allison T.]

Hi, 

I am looking into Atlantic City now for multi-family housings.

Property tax is so high in the city compared to the current market value of the properties.

For any of you who are experienced in this, how easy is it for me to file a tax appeal and get the tax reduced in Atlantic City or New Jersey? For margin of safety, should I be using the current inflated tax in my cashflow model just to leave enough buffer in case the tax can't be reduced? I am a new investor and from out of state, any pointers will be greatly appreciated! Thank you so much!