BLOG: Property Tax Appeal
$54M Property Tax Credit Coming to Trump In Atlantic City
Earlier this week, the Atlantic City Council approved a settlement of a property tax challenge by Trump Entertainment which will provide $54 million in property tax credits to the Trump organization for the Trump Taj Mahal, Trump Plaza and the former Trump Marina casino hotel (sold last year and now operating as the Golden Nugget).... Read More
Filed in the Nick of Time
A New Jersey Tax Court judge recently denied efforts by the Borough of Bergenfield to dismiss a property tax appeal filed by a local property owner as being “out of time”. The appeal challenged an affirmance of the 2011 tax assessment on the property in question by the Bergen County Board of Taxation. Under New... Read More
To Wield Chapter 91 Sword to Dismiss Tax Appeals Towns Must Play by the Rules
We have made numerous posts about appeals that were dismissed due to the property owner’s failure to respond to a municipal tax assessor’s request for income and expense information under N.J.S.A. 54:4-34, also known as “Chapter 91.” While it seems municipalities are aggressively invoking Chapter 91 to attack commercial tax appeals and the Tax Court... Read More
Paramus Appeal Dismissed: Obligation to Submit Income and Expense Info Runs with the Land
Another New Jersey property owner had its real estate tax appeal dismissed this week for failure to respond to a municipal tax assessor’s request for income and expense information. That’s not surprising, given the volume of appeals facing New Jersey’s municipalities and now pending in the New Jersey Tax Court and the County Boards of... Read More
No Relaxation For Lakewood Taxpayer
The New Jersey Tax Court recently granted a municipality’s request to dismiss a tax appeal because all taxes due and payable for the 2009 tax year under appeal had not been paid at the time that the complaint was filed as required by N.J.S.A. 54:51A-1(b). In this unreported decision, Tilwy LLC v. Lakewood, Docket No.... Read More
Tribe’s First Amendment Rights Not Violated by Denied Tax Exemption
In a recent unpublished opinion, a Tax Court judge held that the Ramapough Mountain Indians were not entitled to an exemption under N.J.S.A. 54:4-3.6 for the use of their property for religious purposes. The Ramapoughs argued that the statute is unconstitutional as applied to them because of the statute’s requirement that a building exist on... Read More
Property Tax Appeals in New Jersey – Increased Volume Meets Resistance
An article by Dave Sheingold in today’s Record highlights a trend regarding real estate tax appeals in New Jersey which we have seen develop in recent years, as the real estate market continues to be in flux and droves of property owners have tried to reduce expenses by filing property tax appeals. The message from... Read More
Time For A Checkup On Your Property Taxes? It’s Not Too Late!
Owners, operators and property managers of commercial, industrial and other investment properties in New Jersey may look to reduce real estate tax expenses by considering an appeal of their 2012 local property tax assessments. By now, the local tax assessor in every municipality across New Jersey should have notified each taxpayer by mail – usually a white... Read More
NY taxpayers take Nassau County to court to force payment of property tax refunds.
A taxpayer that prevails in a real estate tax appeal is entitled to a refund of any overpayments in taxes that were based on the old assessment. In New Jersey we have seen more and more municipalities request additional time beyond the standard sixty (60) days to issue the refund. Municipalities are more frequently not... Read More
Interactive Map Puts Spotlight on New Jersey’s Crushing Tax Burden
NJ Spotlight has created a tax map which displays the average 2011 tax burden for property owners by municipality, and how that may have changed since 2009. According to the Tax Foundation, since 2009 New Jersey’s median property taxes are the highest in the nation, and the state also ranked first when comparing property taxes as... Read More
