BLOG: Property Tax Appeal
Should Tax Assessments be Admissible in Condemnation Cases?
When courts seek to establish a property’s fair market value in condemnation cases, they generally disregard property tax assessments. Courts tend to find that tax assessments are poor indicators of value and instead rely on other valuation methods. However, some courts have begun to question this notion and, on some occasions, have allowed assessments into... Read More
Understanding the Consequences of Unpaid Property Taxes in New Jersey
Unpaid property taxes in New Jersey can trigger a cascade of serious legal consequences for homeowners, potentially jeopardizing their property rights and financial stability. As experienced property tax lawyers near me frequently observe, municipalities have robust mechanisms to recover delinquent tax payments, including tax sales and liens. While property owners face strict quarterly payment obligations,... Read More
HCIA v. Mariana Properties – App Div Affirms Taking for Road Project
The Appellate Division of the NJ Superior Court recently affirmed a trial court oral opinion by recently elevated and former Hudson County Assignment Judge Jeffrey Jablonski. The full opinion is available here a2686-22 HCIA Case. The property owner’s counsel argued that the case should be dismissed because the condemnor failed to: 1) conduct bona fide... Read More
New Jersey Property Tax Relief: Ways to Save Thousands on Your Taxes
New Jersey property tax relief has become increasingly crucial as our state continues to bear the nation’s highest property tax burden. No Matter How Data Is Crunched, NJ Property Taxes Are Highest, NJBIA, Aug. 20, 2024. The situation has reached a critical point, with NJ Spotlight News reporting that the average annual property tax bill... Read More
Self-Represented Litigants Lose Challenge To Denial of Mansion Tax Refund
Mansion tax plays a significant role in property transactions exceeding $1 million. This tax, which requires buyers to pay an additional 1% of the purchase price, has recently come under scrutiny in a notable Tax Court of New Jersey decision. The case of DePina v. Director, Division of Taxation has shed light on the strict... Read More
New Jersey Court Limits Third-Party Property Tax Challenge Rights
Property tax challenges in New Jersey have undergone significant changes following a recent Appellate Division ruling. The court’s decision clarifies important procedural pathways for taxpayers seeking to contest property tax assessments they believe are improper, especially when challenging properties they don’t own. Understanding the New Legal Landscape for Property Tax Challenges Last month, the New... Read More
Property Tax Caps Considered Across America
Property tax caps are legislative measures designed to limit the amount by which property taxes can increase annually. These caps are implemented to provide homeowners with financial predictability and to protect them from sudden and significant tax hikes that can occur due to rising property values. By controlling the increase in property taxes, these caps... Read More
Commercial Property Tax Implications in a Cooling Industrial Market
The industrial market, once a hotbed of activity and growth, is experiencing a notable cooling trend. This shift is primarily due to a combination of rising interest rates, decreased demand, and maturing leases and debt. Understanding the commercial property tax implications of this cooling industrial market is crucial for property owners and tenants alike. As... Read More
Morristown Property Tax Revaluation – 2023 Letters Were “Wrong”, New Ones Coming Soon
Morristown’s first real property tax revaluation in approximately 20 years is underway and scheduled to be completed this year. Our prior blog post on this topic from early 2023 discussed the process that is now occurring and confirmed that the revaluation, originally set for 2022, had experienced delays for a variety of reasons: Morristown Property... Read More
What Are Rollback Taxes? Understanding NJ Farmland Assessment Changes
New Jersey’s Farmland Assessment Act has been a topic of significant interest recently, particularly due to the substantial tax benefits it offers to qualifying properties. One crucial aspect of this act that property owners must understand is the concept of rollback taxes. These taxes play a vital role in maintaining the integrity of farmland preservation efforts, while protecting municipalities from potential misuse of the system. What Are Rollback Taxes?... Read More
