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New Jersey Office Tax Assessments – Declining Market May Actually Signal Increased Taxes

by: Anthony F. Della Pelle
2 Feb 2026
New Jersey office property owners may be facing increasing property taxes even as market values decline. Many properties in the state were assessed before COVID-19, and those outdated assessments may now be adversely impacted by New Jersey’s “Chapter 123” equalization methodology. Because municipalities use a single equalization ratio for all property types, dramatic changes in... Read More