BLOG: Property Tax Appeal

Self-Represented Litigants Lose Challenge To Denial of Mansion Tax Refund

by: Jon Ferrari
Self-Represented Litigants Lose Challenge To Denial of Mansion Tax Refund
24 Sep 2024
Mansion tax plays a significant role in property transactions exceeding $1 million. This tax, which requires buyers to pay an additional 1% of the purchase price, has recently come under scrutiny in a notable Tax Court of New Jersey decision. The case of DePina v. Director, Division of Taxation has shed light on the strict... Read More

N.J. Appellate Court: Third-Party Tax Appeals Are Not “an Issue of Public Interest”

by: Michael Realbuto
12 Aug 2024
Last month, the N.J. Appellate Division decided a case involving the constitutionality of a newly amended statue that eliminates third-party appeals of tax assessments and a property’s tax-exempt status. In particular, the statute in question, N.J.S.A. 54:3-21(a), prohibits a taxpayer from appealing the tax-exempt status or assessment of property they do not own to the... Read More

Property Tax Caps Considered Across America

by: Anthony F. Della Pelle
5 Aug 2024
Property tax caps are legislative measures designed to limit the amount by which property taxes can increase annually. These caps are implemented to provide homeowners with financial predictability and to protect them from sudden and significant tax hikes that can occur due to rising property values. By controlling the increase in property taxes, these caps... Read More

Commercial Property Tax Implications in a Cooling Industrial Market

by: Anthony F. Della Pelle
Real estate agents recommend interest rates, discuss the terms of the home purchase agreement, and ask clients to sign paperwork to legalize the contract.
17 Jul 2024
The industrial market, once a hotbed of activity and growth, is experiencing a notable cooling trend. This shift is primarily due to a combination of rising interest rates, decreased demand, and maturing leases and debt. Understanding the commercial property tax implications of this cooling industrial market is crucial for property owners and tenants alike. As... Read More

Morristown Property Tax Revaluation – 2023 Letters Were “Wrong”, New Ones Coming Soon

by: Anthony F. Della Pelle
10 Apr 2024
Morristown’s first real property tax revaluation in approximately 20 years is underway and scheduled to be completed this year.  Our prior blog post on this topic from early 2023 discussed the process that is now occurring and confirmed that the revaluation, originally set for 2022, had experienced delays for a variety of reasons: Morristown Property... Read More

What Are Rollback Taxes? Understanding NJ Farmland Assessment Changes

by: Anthony F. Della Pelle
Beautiful mature woman enjoying with closed eyes her brown arabian mare in the free nature
21 Jan 2024
New Jersey’s Farmland Assessment Act has been a topic of significant interest recently, particularly due to the substantial tax benefits it offers to qualifying properties. One crucial aspect of this act that property owners must understand is the concept of rollback taxes. These taxes play a vital role in maintaining the integrity of farmland preservation efforts, while protecting municipalities from potential misuse of the system. What Are Rollback Taxes?... Read More

Jersey City: More Property Tax Refunds Means More Reverse Appeals

by: Thomas Olson
20 Dec 2023
                There is good news and bad news for Jersey City taxpayers. The good news first: Many taxpayers in Jersey City have successfully appealed their tax assessments (contact us for more details), thus rightfully receiving refunds on their over-assessed properties. So much so that a whopping $21 million... Read More

Illinois Falls in Line With Kirby Forest and Reverses Big Tax Refund

by: Joseph Grather
1 Nov 2023
  The Illinois Supreme Court filed an opinion on September 21, 2023 in MB Financial Bank v. Brophy (opinion here).  In 2018, the property owner filed a complaint seeking a refund for overpayment of taxes on the low-income apartment building known as Evergreen Terrace it operated in Chicago.  The property owner claimed that it had... Read More

UPDATE To STAY NJ – We Shall See In January 2026!

by: Thomas Olson
3 Aug 2023
Back in June, we blogged about the early rumblings of a bill to be passed which would increase property tax savings to Seniors living in New Jersey. Billed as “Stay NJ”, it was purported that Senior homeowners and renters (aged 65 and older) could see reductions in their property tax bills up to $6,500 for... Read More

The City of Newark to Perform its First Property Revaluation Since 2013

by: Matthew Erickson
28 Jul 2023
The City of Newark, New Jersey on July 19, 2023 passed an Ordinance for a Special Emergency Revaluation. This will be the City’s first property tax revaluation since 2013.  This revaluation has not been officially scheduled but has a targeted completion date of sometime during or before the 2027 tax year.  This deadline was made... Read More