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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
Everyone Loves Costco, Except Residents in Guilderland, NY
On the other side of the Hudson River, we have a “developing” eminent domain story involving a retailer that this blogger (and father of two) personally loves – Costco! What’s not to like? Great deals, diverse products, $5 giant rotisserie chicken…the list goes on. It seems you can purchase almost anything you could ever need... Read More
How One Texas Agency Restricted Its Eminent Domain Powers
Here is some eminent domain news from the Lone Star State. In a rarely seen maneuver (at least something this blogger has never), a new policy adopted by the Texas Parks & Wildlife Commission will restrict the Texas Parks and Wildlife Department’s (TPWD) future use of its eminent domain powers. Parks and Wildlife Code (section... Read More
Another Redevelopment Project Brewing in Seaside Heights?
Last week, the Seaside Heights Borough Council unanimously approved a resolution requesting its Planning Board to investigate whether a motel property on Ocean Terrace qualifies as an “area in need of redevelopment” under the New Jersey Local Redevelopment and Housing Law, N.J.S.A. 40A:12A-1, et seq. The property, a motel currently operated as the Surfside Motel... Read More
NYC To Use Eminent Domain For Next Phase of 2nd Avenue Subway
Here is some eminent domain news from across the Hudson River regarding one of the costliest railroad expansion projects per mile in the history of the world. The Metropolitan Transportation Authority (“MTA”) has begun the eminent domain process for its second phase of the long awaited Second Avenue Subway. At the April 26, 2023, the... Read More
One Week Left! Are You Over-Assessed?
There is only one week left until the April 3 property tax appeal filing deadline for 2023 for most towns in New Jersey. For municipalities with reassessments or revaluations put into effect this year outside Monmouth County, the filing deadline is May 1. Are you over-assessed, or even comfortable that your 2023 assessment represents your... Read More
Two Week Warning! April 3 Tax Appeal Deadline Looming in New Jersey – Should You File an Appeal?
The annual filing deadline for 2023 property tax appeals in New Jersey is just around the corner – April 3, 2023 in most towns. That means there’s little time left to determine whether an appeal should be filed in an effort to reduce your tax assessment. Real property taxes are usually the second biggest expense... Read More
It’s the Same Old Song, This Time in North Carolina
“Now it’s the same old song, But with a different meaning since you been gone” Those lyrics have stood the test of time, as has the use of eminent domain power for purposes that probably were not contemplated by our founding fathers when they created the Bill of Rights to the United States Constitution and... Read More
NJ Property Taxes Are Skyrocketing – What Else is New?
A recent report concluded the obvious – along with the cost of living, the average cost of a residential property tax bill in New Jersey increased in 2022 over the average cost in 2021. While the average increase was reported to be a little over 2%, making the average residential property tax bill nearly $9500/year,... Read More
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
