Legislation Introduced to Share Property Tax Refund Burden

New Bill Would Require School and Fire Districts to Refund Successful Tax Appeals

 New Jersey Assemblyman Michael Patrick Carroll (R-Morris) has proposed Assembly Bill A-3412 which would require school districts and fire districts to join local towns and counties in refunding successful tax appeals.  Currently, only municipalities and counties are responsible for crediting a property owner in the event of a successful appeal.  According to an article published in the Gloucester County Times, successful tax appeals can cost hundreds of thousands of dollars to litigate, and the refunds can total in the millions.  To become law, the bill will need to be approved by the Assembly and have a companion bill approved in the New Jersey Senate before reaching the Governor’s desk for signature.

 For more on this story from the Gloucester County Times, please click here.

 For more information on proposed legislation affecting property tax appeals in New Jersey, please see the following blog posts:

 Senate Passes Tax Appeal Reform for Monmouth County

 Contaminated Property Would Be Assessed As-If Remediated Under Proposed Legislation

 The author wishes to acknowledge the assistance of Cory K. Kestner, Esq., of McKirdy & Riskin, PA, in the preparation of this article.