BLOG: Property Tax Appeal

Tax Appeal Seminar to Feature McKirdy & Riskin Attorneys

by: Anthony F. Della Pelle
8 Feb 2011
McKirdy & Riskin partners Thomas Olson and Anthony DellaPelle will be featured as panelists, along with appraiser and builder David Bossart, at an upcoming seminar sponsored by the Community Builders and Remodelers Association:  “Real Estate Tax Appeals:  Reducing Property Taxes in a Down Real Estate Market — What you need to know about appealing your property tax... Read More

Kearny Tax Structure Upheld on Appeal

by: Anthony F. Della Pelle
4 Feb 2011
Property Owners’ Due Process Rights Not Violated by Kearny Tax Structure A New Jersey appellate court has affirmed a Tax Court judge’s decision to dismiss a trade association’s complaint against the Town of Kearny.  Plaintiffs argued that Kearny’s tax structure imposed charges for withheld services and created excessive assessments.  Their complaint alleged Kearny’s tax structure was arbitrary... Read More

April 1, 2011 Tax Appeal Deadline Looms

by: Anthony F. Della Pelle
2 Feb 2011
REDUCING REAL PROPERTY TAX EXPENSES IN THE CURRENT REAL ESTATE MARKET As certain sectors of the real estate market in New Jersey continue to be in flux, owners, operators and property managers of commercial, industrial and other investment properties may look to reduce real estate tax expenses by considering an appeal of  their 2011 local... Read More

Senate Passes Tax Appeal Reform for Monmouth County

by: Anthony F. Della Pelle
12 Jan 2011
 The New Jersey Senate has approved legislation that would establish a real property assessment “demonstration program” in Monmouth County.  The bill, Senate Bill 2234, attempts to reduce costs while improving the accuracy of the property assessment process by addressing costs from successful tax appeals versus merely consolidating the county-based system.  The new system shifts assessment,... Read More

Federal Agency Releases New Appraisal Guidelines for Financial Institutions

by: Anthony F. Della Pelle
23 Dec 2010
 Financial institutions have new guidelines to follow when conducting real estate appraisals and evaluations.  The Interagency Appraisal and Evaluation Guidelines, which replace the 1994 guidelines, explain the minimum regulatory standards for appraisals.  Highlights from the Guidelines and its appendices include:   * recognizing that a borrower’s ability to repay real estate loans according to reasonable terms... Read More

Farmland Assessment Practices Growing Concern for Two Senators

by: Anthony F. Della Pelle
21 Dec 2010
 An article in the Asbury Park Press highlights the efforts of Senate President Stephen M. Sweeney, D-Gloucester, and Sen. Jennifer Beck, R-Monmouth, to end alleged abuses of the farmland assessment system  in New Jersey.  New Jersey law currently requires a minimum of five acres and $500 in sales to qualify for the reduced tax assessment.  Possible... Read More

Mercer County Board of Taxation Orders Four Municipalities to Undertake Revaluations

by: Anthony F. Della Pelle
17 Dec 2010
 The Mercer County Board of Taxation  is requiring Trenton, Hamilton, Ewing and Lawrence Township to undergo revaluations for the first time in over 15 years to align assessment values.  Property tax assessments are tied to market values, which means that a property’s assessment should equal what it would sell for in the marketplace.  A lack of... Read More

Property Owner Keeps Tax Abatement After Municipality Failed to “Turn Square Corners”

by: Anthony F. Della Pelle
6 Dec 2010
 The New Jersey Tax Court recently rejected the City of Millville’s  argument that a five-year tax exemption and abatement awarded by the City’s tax assessor and ratified by its governing body should be rescinded because the property owner filed for the abatement four days late.  The property houses a Lowe’s Home Center, and is located in... Read More

Appeals Court Denies Request for Expert’s Records

by: Anthony F. Della Pelle
22 Nov 2010
A recent New Jersey appeals court has ruled that a litigation expert’s financial records are not subject to disclosure.  This holding could impact eminent domain and real estate tax appeal litigation because both practices rely on expert opinions to establish a property’s value.  In the case in question, a plaintiff’s attorney in a personal injury case requested information from... Read More

Monroe Township Ordered to Undertake Revaluation

by: Anthony F. Della Pelle
9 Nov 2010
The Tax Court of New Jersey recently granted an application by approximately 1,000 Monroe Township property owners which will require the Township to undertake a municipal property tax revaluation.  The plaintiffs claim that the “Chapter 123” equalization ratio for the Township is skewed and discriminatory based on the Township’s failure to properly categorize sales between 2001 and 2005. ... Read More