BLOG: Property Tax Appeal
Changes to Statute Requiring Payment of Taxes Pending Appeal Being Considered
The New Jersey Law Revision Commission has issued a final report recommending to the Legislature that it amend N.J.S.A. 54:3-27, which is the statute that requires payment of taxes at the time of filing a property tax appeal. This recommendation is in response to the 2009 decision of the Tax Court in Trebour v. Randolph,... Read More
Atlantic City Borrowing to Pay Property Tax Refunds
The Atlantic City Council has decided to issue bonds to pay for more than $38 million which is owing to property owners in refunds for successful real estate tax appeals. According to an article in the Atlantic City Press, more than 90 percent of those refunds will be paid to the resort casinos. This is not the first time... Read More
Property Tax Exemption for Sale
In a recent opinion, the New Jersey Tax Court addressed the issue of the sale of a tax exempt property from one nonprofit entity to another nonprofit entity. The transfer of ownership occurred in July 2009. While the City of Newark agreed that under the new owner, the property qualified for a tax exemption in 2010,... Read More
Bergen County “Group Homes” Entitled to Tax Exemption
Up to $1 Million Refund for Non-Profit Providing Integrated Residential Psychiatric Services The New Jersey Appellate Division recently reversed a decision by the Tax Court, which had denied tax exemptions under N.J.S.A. 54:4-3.6 for a seven-year period to an organization which provides communal supportive housing for psychiatric patients. At issue was whether homes owned by... Read More
