Since the annual real estate taxes billed by the municipal tax collector in connection with a parcel of property are the direct product of the assessed valuation of the property, it is important to have the assessment properly reviewed each … Continue reading →
Chapter 91, codified as N.J.S.A. 54:4-34, is a sword used by tax assessors to gather information about income producing properties to help in the valuation process. Should you receive a Chapter 91 request for information from a tax assessor, respond truthfully and immediately. Failure to provide a truthful response within 45 days may bar your ability to file a tax appeal of your assessment.
Continue reading →As a taxpayer, a successful property tax appeal may only be the first step in an ongoing battle to keep a property’s assessment under control.
Continue reading →Hill Wallack LLP has successfully litigated a series of real estate tax appeals for the years 2006, 2007 and 2008 relating to a mixed use property in Millville, New Jersey resulting in significant tax savings to the property owner client … Continue reading →
According to a recent Appellate Division decision, for owners of contaminated industrial sites looking to lower their property tax assessments based on the lower value attributed to environmental contamination, in New Jersey the choice is clear: shut down or pay up.
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