From NJBIZ: For New Jersey's backlog of property tax appeals, more help is on the way….via Tax court getting more judges to help with buildup of cases – NJBIZ
From NJ.Com: Christie Administration announces property tax growth in Morris County NJ.com “By any measure, Governor Christie's property tax reforms have been a resounding success across New Jersey and in Morris County in particular as demonstrated by the third straight year of statewide property tax restraint,” said DCA Commissioner Richard … and more »…More at […]
From NJ.com: In the latest blow to Atlantic City’s finances, the Borgata Hotel Casino and Spa has won a tax appeal worth nearly $50 million from the municipality after a state tax court judge agreed that the assessed value of its property should be slashed for the 2009 and 2010 tax years….More at Borgata wins […]
While it is a tax assessors job to review all of their sales and weed out exclusions that do not reflect market value, this high rate of exclusions does not reflect reality. There is an undeniable downward trend in the real estate market—even homeowners that are not in threat of immediate foreclosure find themselves […]
From PR News: In 2012, according to the Department of Treasury’s Division of Taxation, more than 90,000 residential tax appeals were filed in New Jersey — the highest since 1992 and more than triple the number filed in 2007. Spurred by sagging home prices — along with often inaccurate and outdated assessments – state […]
From NorthJersey.com: Both the state and county have ordered Rutherford to carry out a borough-wide revaluation of all property values to their true market value. And it may cost the borough about $100,000 to conduct a needed tax map update….More at Tax appeals killing town coffers – NorthJersey.com
From New Jersey Herald: For desperate homeowners, meanwhile, the opportunity to obtain a reduced property assessment — and, by extension, a break on their property taxes — is a small consolation that is hard to pass up after the economic wipeout they have endured the last few years. But misinformation about the process abounds, […]
From Patch: Scammers are offering information that is useless and free for a cost, the Atlantic County Board of Taxation announced on Tuesday morning, March 19. They are offering Chapter 123 reports to help reduce property tax assessments….More at Beware Tax Appeal Scams, County Tax Administrator Warns – Patch.com
From Lexis Nexis Law Communities: New Jersey Passes Law Affecting the Property Tax Assessment and Appeal Process On February 4, Gov. Chris Christie signed S1213 (the “Act”) into law, creating a pilot program that could substantially change the property tax assessment and appeal process in New Jersey. The Act’s stated goal is to create […]
Tax Increases In Shore Towns A Certainty After Superstorm Sandy Patch.com Toms River-based Horn was originally scheduled to speak along with Berkeley Tax Assessor Eric L. Zanetti at the Central Regional Middle School, but Zanetti had to cancel because of bronchitis. Municipal, county and school budgets will rise, as … and more »…More […]