BLOG: Property Tax Appeal
Mercer County Board of Taxation Orders Four Municipalities to Undertake Revaluations
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”
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a five-year tax exemption and abatement awarded by the City’s tax assessor and ratified by its governing body should be rescinded because the property owner filed for the abatement four days late.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
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
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
Contaminated Property Would Be Assessed As-If Remediated Under Proposed Legislation
New Jersey Assemblyman Craig J. Coughlin has sponsored bill A-3179 in the New Jersey Assembly. The bill, if adopted as introduced, would require that “the true value of a parcel of real property contaminated with a hazardous substance . . . shall be its value as if it were remediated .” Under current New Jersey case... Read More
Rise in Appeals Causes Municipal Budget Crunch
New Jersey municipalities are facing serious budget deficits, as they experience the fallout of reduced property tax revenues resulting from a record number of property tax appeals filed in recent years. Property owners who are successful in tax appeals are entitled to refunds under New Jersey law. These refunds have created troublesome deficits at the... Read More
Newark Church Denied Property Tax Exemption
Church Not Exempt and Subject to Foreclosure for Failure to Pay Taxes A New Jersey appellate court has affirmed a trial court’s ruling that will allow the City of Newark to foreclose on a warehouse property owned by Yes Lord Ministries, Inc. Yes Lord, a religious organization qualified for exemption from the payment of taxes under federal law... Read More
Property Owner’s Appeal Dismissed for Failure to Follow Court Rules
The Appellate Division affirmed a New Jersey Tax Court judge’s decision to dismiss a property tax appeal for lack of prosecution after the property owner failed to offer any proofs to establish fair market value at trial. The property owner, a practicing attorney with 30 years of experience, argued that the taxes should be lowered... Read More
Local Property Taxes Likely to Increase Due to Budget Cuts at State Level
Property taxes will be higher in 379 New Jersey towns this year according to an article in the Asbury Park Press . According to the APP, the average property tax bill will be $7,694. The article highlights how property owners have voiced their frustrations at town council hearings, and how property owners’ frustrations will likely... Read More
Hospital’s Off-Site Physical Therapy Center Granted Property Tax Exemption
A New Jersey appellate court has held that Hunterdon Medical Center (“HMC”) is entitled to a local property tax exemption for that portion of an off-site Health and Wellness Center (“Wellness Center”) operated by HMC to provide physical therapy (“PT”) service. HMC also provides cardio-pulmonary rehabilitation (CP Rehab) at the Wellness Center, which is located... Read More
