BLOG: Property Tax Appeal

Appellate Court: Ensure Your Address Is Current With The Tax Assessor, Or It May Cost You

by: Thomas Olson
18 Jun 2021
The Appellate Division recently decided a case between the City of Newark and IMJ1, LLC, regarding three parcels of property which IMJ1 owned in Newark. The three parcels of property were purchased in January 2017 and were characterized by IMJ1’s counsel as being abandoned. From January 2017 through the present day, IMJ1 never paid the... Read More

Are Property Taxes Too High In New Jersey?

by: Thomas Olson
16 Jun 2021
Pursuant to a recent Wall Street Journal article, a study conducted by the finance company Self found that the average New Jerseyan pays $931,000 in taxes in their lifetime. That ranks as the most of any state in the country. To put it into perspective, pursuant to the same study the average American pays $525,000... Read More

New Legislation: Make The Veteran’s Tax Exemptions Available for Co-Ops and Other Communal Housing

by: Thomas Olson
11 Jun 2021
The NJ Veteran Property Tax Exemption has been frequently discussed on this blog. For example, we blogged a case regarding the denial of a Veteran’s Tax Exemption because the deceased veteran never held a property interest nor had a Veteran’s Tax Exemption on the subject property. The Veteran’s Property Tax Exemption has been around since... Read More

The Process to Appeal Your New Jersey Property Tax Assessment

by: Thomas Olson
9 Jun 2021
Although many property owners may believe that their property tax assessments are set in stone, the truth is that property taxes are not fixed expenses. Tax assessments hinge on the assessor’s calculation of the market value of a property, and it is often the case that such calculations are inaccurate or not reflective of current... Read More

Tax Court: Chapter 91 Request Must Be Unambiguous

by: Thomas Olson
1 Jun 2021
Chapter 91, codified at N.J.S.A. 54:4-34, has long been a tool used by municipalities to dismiss tax appeals. Chapter 91 applies to income-producing properties. The tax assessor mails the taxpayer a written request for the income and expenses on income-producing property. Those figures help the assessor determine the value of the property for the succeeding... Read More

Jersey City Tax Assessor Questioning Property Tax Exemptions for Non-Profits

by: Thomas Olson
26 May 2021
The Property Tax Assessor in Jersey City has been attempting to remove various nonprofit organizations’ property tax-exempt status. While some non-profits have been successful in maintaining their property tax-exempt status, several others are still in danger of seeing their property’s tax-exempt status revoked. This could cost nonprofit organizations thousands of dollars a year in property... Read More

New Legislation: Make iGaming No Longer a Factor in Atlantic City Property Tax Calculations

by: Thomas Olson
19 May 2021
The newest trend in gambling is that you can do it from your couch. Internet gaming (“iGaming”) has become a staple of the casino industry. In New Jersey, under a law passed in 2014, iGaming is factored into gross gaming revenue (GGR) in calculating the property tax on nine land-based casinos in Atlantic City. The... Read More

Appellate Division: For Tax Purposes, a Property’s Prospective Zoning Change Must be “Reasonable”

by: Thomas Olson
17 May 2021
From 2004-2018, the Township of Dover (now officially known as Toms River) decided to impose a property tax upon a 1211-acre tract of land in their municipality with its highest and best use as a residential property. However, at the time of Dover’s assessments the property’s zoning designation was for manufacturing, had been declared a... Read More

Ocean Grove “Christian Seaside Resort” Ruled Tax Exempt

by: Thomas Olson
14 May 2021
Just like the Administrative Office Building we blogged about here, Judge Sundar has rejected Neptune Township’s contention that a property in their township owned by non-profit corporation Ocean Grove Camp Meeting Association for their “Christian Seaside Resort” was being used for a non-exempt, for-profit purpose. In Ocean Grove Camp Meeting Ass’n of The United Methodist... Read More

Tax Court to Parties: You’re Both Wrong

by: Thomas Olson
13 May 2021
Just like the NFL Draft, teams and their fans are excited about the possible players their respective franchises could pick to help bolster their chances of winning. Teams may want some players, while fans may want others. In the end, both the teams and their fans could be wrong about the player ultimately selected. Just... Read More