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.

More here….

 

 

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
NJ’s “Third o...   LINK Third of a mil funding for four local libraries drop. (northjersey.com, 5/3/2012)… More at Drop in Property Values and Increase in Tax Appeals Impact New
Tax Appeals In Atlantic C... As property values continue to fall and tax rates soar, homeowners are filing assessment appeals in record numbers -an increase of over 33% from 2010. The county
Tax Appeals Impact South ...     South Brunswick Tax Appeals Continue to Rise Patch.com Nearly 400 tax appeals filed as township looks for ways to mitigate impact on the budget. By
For Homeowners Seeking Ta...   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
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.
Trenton Proposed Tax Rate...   The Times of Trenton – NJ.com From Trenton Times: If approved, Trenton property tax hike would make the city's tax rate the … The Times of
Singapore Property Tax in... In spite of pitching itself as one of the richest cities of the South East Asian countries, Singapore is reportedly losing on its potential investors following a
No Matter Where You Live ...   NJ.com See which N.J. counties have the highest and lowest property taxes NJ.com TRENTON — Three New Jersey counties saw average property tax bills top $10,000
“Extraordinary̶... From Registry News: Following a public hearing, an ordinance authorizing an emergency appropriation to update revaluations of property within the township, was approved unanimously by the Township
Reducing New Jersey’... The possibility of reducing property taxes by consolidating the 565 municipalities of New Jersey was called into question in a recent study conducted by the Rutgers University’s