New Jersey Tax Appeals Creates Perfect Storm

From: Press of Atlantic City

The state Department of Community Affairs says tax appeals have gone up by more than 400 percent since 2006. And municipalities, as the tax-collecting entity, are responsible for paying all refunds for the current tax year to property owners who successfully appeal, even though property taxes also finance county governments, schools and fire districts. Municipalities are also responsible for the full legal costs of contesting tax appeals.

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