BLOG: Property Tax Appeal
What Happens if Property Taxes Are Not Paid?
Property ownership in New Jersey comes with many responsibilities, and these include quarterly property tax payments. Failing to make these payments can lead to severe consequences for property owners. Read on to learn how municipalities recover unpaid property taxes from homeowners and the consequences of not keeping up with these payments. Overview of Property Taxes... 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
N.J. Appellate Court: Third-Party Tax Appeals Are Not “an Issue of Public Interest”
Last month, the N.J. Appellate Division decided a case involving the constitutionality of a newly amended statue that eliminates third-party appeals of tax assessments and a property’s tax-exempt status. In particular, the statute in question, N.J.S.A. 54:3-21(a), prohibits a taxpayer from appealing the tax-exempt status or assessment of property they do not own to the... 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
Jersey City: More Property Tax Refunds Means More Reverse Appeals
There is good news and bad news for Jersey City taxpayers. The good news first: Many taxpayers in Jersey City have successfully appealed their tax assessments (contact us for more details), thus rightfully receiving refunds on their over-assessed properties. So much so that a whopping $21 million... Read More
