BLOG: Property Tax Appeal
Atlantic City Casinos at Center of Property Tax Dispute
This is a reminder that, in most NJ municipalities, the deadline to file a 2023 property tax appeal is fast approaching on April 3, 2023. If you believe you may be overassessed, contact us at info@mrod.law for a complimentary evaluation of your 2023 property tax assessment. Last year, a Superior Court judge struck down a... Read More
Ocean Grove Camp Meeting Association Exemption Upheld on Appeal
A 2021 decision by the Tax Court of New Jersey that granted a property tax exemption to a local religious organization in Monmouth County was recently affirmed by the Appellate Division in a reported per curiam opinion. The Township of Neptune had appealed the determination of the Tax Court granting an exemption to the Ocean... Read More
“Too Little, Too Late” – Appeal of $118,000,000 Assessment Dismissed as Untimely
Ouch. This is a huge reminder that, in most NJ towns, property tax appeals must be filed this year on or before April 3, 2023. And you better be on time! Last month, the Tax Court of New Jersey dismissed a commercial taxpayer’s appeal of a new assessment resulting from a municipal revaluation as being... Read More
Morristown Property Tax Revaluation Delayed to 2024
Morristown’s first property tax revaluation in nearly 20 years looks like it will have to wait yet another year to be completed. Delays in performing inspections of the properties are the principal reason for the delay in the revaluation, which had been ordered to take place by the Morris County Tax Board and was originally... Read More
Chatham Borough Residents Bracing for 2023 Property Tax Revaluation
Chatham Borough has commenced a State-ordered municipal property tax revaluation for the first time in nearly 20 years, and according to this recent article, residents have already started to express concern over the process and how it will impact their property tax bills. A revaluation program involves the mass appraisal and reassessment of all real... Read More
NEW JERSEY ANCHOR PROGRAM DEADLINE EXTENDED AND ELIGIBILITY EXPANDED
Back in June 2022, and again in September 2022, we informed you of a big change coming to the New Jersey property tax scene, the ANCHOR program (Affordable NJ Communities for Homeowners and Renters). Designed as a replacement to the Homestead Rebate Benefit program, ANCHOR officially kicked off in September with mailers being sent 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 Grants Tax Exemption To Nonprofit Property
In a recent published Tax Court opinion by Judge Vito Bianco, J.T.C., the Court considered the exemption status of a property owned by nonprofit organization, Options Imagined (“Options”). Options had filed for exemption from property tax assessment of its property to the Morris County Tax Board which denied the application. Options appealed the decision to... 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
