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Bostonians Furious Over Alleged Tax Assessment Penalties
Many commercial real estate owners in Boston can be described in one word: gobsmacked. Although they have appealed their property tax assessments, their assessments have soared sky high. This has caught the attention of a highly regarded non-profit which recently uncovered a potential conspiracy, causing many to question whether Bostonians are being secretly penalized for... Read More
NJ Tops List – Has Highest Property Taxes in the Country…Again
New Jersey doesn’t top many lists. For instance, U.S. News & World Report ranks it 49th in fiscal stability, 45th in opportunity, 31st in economy, and 19th overall. New Jersey Rankings | U.S. News Best States. But there is a list where the Garden State is safely at number 1: high property taxes. New Jersey... Read More
Property Owner Entitled to Compensation After Foreclosure Sale
The New Jersey Superior Court, Appellate Division delivered a landmark decision that protects property owners’ rights to surplus equity after foreclosure sale. In Johnson v. City of East Orange, the court reversed a trial court ruling and affirmed that property owners must receive compensation when municipalities keep proceeds exceeding unpaid taxes. This groundbreaking case demonstrates... Read More
Ohio Group Seeks to Abolish Property Taxes
Beth Blackmarr nearly fainted when she saw that her home’s assessment increased by over 50% from the prior year. That’s when she decided enough is enough and joined a movement to end all property taxes in Ohio. The group, known as Citizens for Property Tax Reform, is a grassroots campaign based in Cuyahoga County. Recently,... Read More
Florida Couple Hit with Reassessment After “Substantial Improvements”
Imagine spending a significant amount of time and money on renovating a home, only to find that the property taxes have not only doubled, not only tripled, but multiplied six times over. Although this may sound like a real estate horror tale, Florida residents Walter and Debbie have experienced this firsthand. The couple’s dream waterfront... Read More
Could Property Taxes in Florida Be a Thing of the Past?
Governor Ron DeSantis’ ambitious proposal to completely eliminate Florida property tax represents unprecedented legal and fiscal territory. As the first state to potentially abolish property taxes entirely, Florida faces complex constitutional, administrative, and economic challenges that warrant comprehensive legal analysis. Legislative Framework and Constitutional Considerations The property tax in Florida currently operates through a millage... Read More
The Key Term All Commercial Real Estate Owners Should Know
Commercial real estate owners face substantial property tax burdens that can significantly impact investment returns. However, a comprehensive understanding of obsolescence real estate principles can unlock substantial tax savings through strategic property tax appeals. This critical valuation concept often determines the success or failure of assessment challenges, yet remains underutilized by property owners seeking tax... Read More
Filing a Self-Represented Property Tax Appeal? Use Caution!
New Jersey property owners face among the highest property tax burdens in the nation, creating significant financial pressure for homeowners and businesses alike. Fortunately, the law provides a remedy through the assessment appeal process—a legal mechanism that allows taxpayers to challenge potentially excessive valuations. While the prospect of reducing one’s tax obligation is appealing, the... Read More
NC Supreme Court: Condo Developer Entitled to Just Compensation
When the government takes private property using the power of eminent domain, the property owner is entitled to receive just compensation. But what happens when another party shows up with an interest in the property? Should they get a slice of the compensation pie? In a legal showdown that could have been from a real... Read More
Paterson Kicks 5.6% Proposed Tax Hike… For Now
It turns out that when a budget proposal includes a significant property tax increase, city residents are about as thrilled as a cat in a bathtub. The mayor of Paterson’s proposed 2025 budget of $302 million, which includes a 5.6% increase in property taxes, has faced opposition from City Council members and residents who believe... Read More
