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The City of Newark to Perform its First Property Revaluation Since 2013
The City of Newark, New Jersey on July 19, 2023 passed an Ordinance for a Special Emergency Revaluation. This will be the City’s first property tax revaluation since 2013. This revaluation has not been officially scheduled but has a targeted completion date of sometime during or before the 2027 tax year. This deadline was made... Read More
Supreme Court Rules in Favor of Homeowner in Takings Clause Case
On May 25, 2023, the United States Supreme Court issued their unanimous decision in the matter of Tyler v. Hennepin County. The question posed to the Court in this matter was whether a government body, who has taken real property under the guise of an unpaid tax debt, can sell that property for an amount... Read More
The City of Elizabeth to Perform its First Property Revaluation Since 1977
The City of Elizabeth, New Jersey announced on April 16, 2023, that it will be performing its first property tax revaluation since 1977, so long ago that “Gremlins”, “Pintos” and “Chevettes” were new styles of cars. This revaluation is scheduled to be completed for the 2024 tax year, but logistical considerations may push this a... Read More
New Jersey Property Tax Appeal Deadlines Still Open for Some Municipalities
New Jersey municipalities typically have a deadline of April 1st for property tax appeals in most years (and possibly a day or two later if the appeal deadline falls on a weekend as it did this year). However, for some municipalities that have undergone a revaluation of all of their properties or have undergone a... Read More
MROD Hits Early Milestone in Office Tax Assessment Reductions for 2023
McKirdy Riskin Olson & DellaPelle, a boutique law firm handling both condemnation and property tax matters, has already surpassed one of its internal milestones for the 2023 year by achieving reductions in taxpayer assessments of over 30 million dollars of total market value for commercial office properties. These reductions in tax assessments, which apply to... Read More
New Senate Bill Looks to Revise Personal Property Tax on Telecommunications Infrastructure
On October 17, 2022, State Senator Holly Schepisi introduced Bill S3209, a bill designed to revise the State’s Business Personal Property Tax as it is applied to telecommunications infrastructure. This bill, which is still pending before the Senate Community and Urban Affairs Committee, would remove some language from the current law which has been the... Read More
U.S. Tax Court Addresses Conservation Easement Valuation
Conservation Easement Valuation & The U.S. Tax Court On October 17, 2022, the United States Tax Court rendered a forty-three (43) page opinion in Champions Retreat Golf Founders, LLC, Riverwood Land, LLC Tax Matters Partner v. Commissioner of Internal Revenue (hereafter “Champions Retreat”) that established the valuation for the conservation easement that was donated in... Read More
Court Declines to Invalidate Statute Prohibiting Third-Party Appeals in Tax Court
On September 28, 2022, the Superior Court of New Jersey, Mercer Vicinage, rendered a thirteen (13) page unpublished opinion in New Jersey Citizen Action, et al. v. State of New Jersey et al. that addressed the constitutionality of a recent change to the property tax appeal statute that removed third-party appeals of local property tax... Read More
Tax Court Declines to Extend Recent Expansion of Veteran’s Exemption
Disabled Veteran’s Tax Exemption On September 12, 2022, the Tax Court of New Jersey rendered a six (6) page unpublished opinion in Michael Hutchings v. Borough of Lawnside that addressed whether a Lawnside resident qualified for the “disabled veteran’s exemption” from his local property taxes. The opinion, written by the Hon. Kathi F. Fiamingo, J.T.C.,... Read More
Judge Strikes Down New Jersey’s Casino Property Stabilization Act
On August 31, 2022, Atlantic County Assignment Judge Michael Blee ruled that a recent state law, which revised the property tax agreement between the Atlantic City casinos, Atlantic County, and Atlantic City, violated New Jersey’s Constitution. The law, originally passed as “S4007” (hereafter the “2021 Act”), was signed into law on December 21, 2021, and... Read More
