New Jersey property tax rates are among the highest in the country.
These taxes fund city and county services, including police protection, firefighters, public schools and street maintenance.
We all realize that these services are vital to maintaining a strong community; however, homeowners and owners of apartment buildings and commercial property should not be asked to pay more than their fair share of property taxes.
Property taxes are based on the assessed value of your property,which is usually provided by an impartial third party provider, who can be incorrect.
If you feel that your property valuation is too high, you can appeal to the county and ask for a lower property valuation.
The Facts
All taxable properties in your town are assigned a value by the local assessor. This assessed value, or “assessment” should reflect the actual market value of your property, multiplied by a percentage, known as the Chapter 123 Ratio. Every town has a unique set Chapter 123 Ratio. Market value is what your house is actually worth; the price your house should sell for if you sold it today.
To see if the assessed value of your home fairly reflects its market value, you would take your assessed value and divide it by your town’s ratio. This number is supposed to
approximate the true market value of your property. If the value assigned by the assessor, divided by the Chapter 123 Ratio is significantly different from what other properties like yours are selling for, you have the basis for a tax appeal.
One note, the assessed value is determined on October 1st of the prior year, so for 2018, the date you should be looking at for determining value is October 1, 2017.
Arriving at a Fair Property Assessment.
We work with a group of appraisers and would ensure that we meet the common criteria: “if the ratio of assessed value to true value exceeds the average ratio by 15%, the assessment is reduced to the common level.”
We have experience, knowledge, a successful track record and we will work for your best interest.
Presentation Experience
Our Lawyers have successfully managed real estate tax appeals at county tax boards all around our State, or at the New Jersey Tax Court, working on behalf of owners of every type of property—from small business facilities to single family homes – and we have saved our clients literally millions of dollars over the past few years.
Personalized C lient Care
While no property tax appeal is too complicated for our team., we understand your needs in this event. Fighting for you we have arranged for the lowering of property taxes paid on a number of residential and commercial properties throughout New Jersey. Our clients become our family, we are here to serve you.
Since 1993
We Advocate On Behalf Of Property Owners
New Jersey Tax Appeals, a New Jersey based law firm and our experienced property tax appeals lawyers' knowledge of the appeals process can help you successfully appeal the amount of property taxes you pay.
We work with highly qualified real estate appraisers who have experience working on cases involving residential properties, condominiums, apartments, retail property, restaurants, office complexes and other commercial buildings. In many cases, we are able to negotiate a full settlement without going through the appeals process.
We will file your appeal with the county tax board or file a direct appeal with the tax court if your property is assessed at more than $1,000,000.
If you are a condominium owner who feels your property is assessed too high, neighboring condominium owners may have high assessments as well. It may make sense to have us file an appeal on behalf of the ownership group.
There are important deadlines to adhere to, mostly in the spring. Do not postpone your call to our office. We will review your property tax assessment and let you know if your appeal is likely to be successful. Call 888-NJ-RE-TAX (888-657-3829) or email us or call to schedule an appointment.
Next Steps...
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