Borgota Hits $50m Tax Appeal Jackpot

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 tax appeal worth nearly $50 million in Atlantic City refunds – The Star-Ledger – NJ.com

Similar Articles

Assessing Your Assessemen... Fair to say,  if you are living in New Jersey, you are probably paying more property taxes than you should. The National Taxpayers Union, in fact, estimates
One Comparable Not Enough This recent case underscores the importance of not relying on the weight of a single comparable sale (in this case, the buyer’s),  and why a sampling of
AC Casino Tax Appeals To ...   As witnessed in AC, as more commercial industries file assessment appeals, tax burdens will by necessity shift to residential homeowner's to compensate for resulting budget shortfalls.
Englewood Considers Bond ... From NorthJersey.com: The city council is considering bonding $3.5 million to pay for approximately 100 tax appeals that are close to receiving judgment ….More at Englewood council considers
Rutherford Plans Revaluat... 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
Hurricane Sandy Brings A ...     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
Greenwald’s Tax Rel... New Jersey property taxes cost the average homeowner around $7519.00 a year.  That’s nearly 12 percent of the average household’s annual income. In 2009, the bite was
New Jersey Property Tax C...   New Jersey’s highest-in-the-nation property taxes cost 9 percent of household income NJ TODAY Sky-high property taxes continue to be a major problem for New Jersey residents,
America’s Highest P... When Christie became governor, New Jersey had the highest property taxes in the nation. Even if he were to serve two terms, we could still count on
Appeals In Garden State K... Used to be tax appeals by homeowner’s were a minority. No more. Each year tax assessors find themselves with an increasing number of appeals, as homeowner’s continue
Westfield And Other NJ To... Fоr thе fіrѕt time іn 40 years, thе N.J. Division оf Taxation ѕауѕ it’s forcing towns tо bеgіn property tax revaluations bесаuѕе thеу hаvе bееn delinquent іn