BLOG: Property Tax Appeal

Tax Court Declines to Increase Property Tax Assessments for Carteret Property

by: Matthew Erickson
14 Feb 2022
The Tax Court of New Jersey recently rendered a seventeen (17) page opinion in Carteret Holdings Urban Renewal, LLC v. Carteret Borough (hereafter “Carteret Holdings”) that affirmed the 2018 and 2019 tax assessments for a garden-style apartment complex located in Carteret Borough, Middlesex County, New Jersey. The unpublished opinion, written by the Hon. Mala Sundar,... Read More

Property Tax Relief Legislation Advances Through NJ Senate Committee

by: Matthew Erickson
10 Feb 2022
On January 27, 2022, the New Jersey Senate Community and Urban Affairs Committee unanimously approved two pieces of legislation impacting New Jersey property taxes.  These proposed bills, S330 and S343, are lawmaker’s attempts to give some measure of property tax relief to New Jersey residents.  Though they both take very different approaches to that relief,... Read More

New Jersey Enacts New Changes to the Casino Property Stabilization Act

by: Matthew Erickson
12 Jan 2022
On December 21, 2021, the Governor of New Jersey signed into law S4007, a bill that is meant to address the property tax payments made by Atlantic City Casinos.  Previously, on December 20, 2021, the New Jersey Senate and the New Jersey Assembly had passed the bill with narrow margins. The Casino Property Stabilization Act... Read More