Tax Appeal Victories In New Jersey Creating Fiscal Crisis

 

From NJ.com:

April 1 marks the last day for New Jersey residents to file property tax appeals. More than 116,000 tax appeals were filed in New Jersey by April 1, 2012, the highest in more than two decades, and it resulted in more than $4.6 billion in reduced assessments in New Jersey municipalities.

While the number of tax appeals this year has yet to be tallied, experts, town and county officials expect the number to be high yet again. And people aren’t only filing appeals in droves, they’re winning.

A Star-Ledger analysis of tax appeal data shows nearly 70 percent of all appeals filed in 2012 ended in either a revised assessment or were settled out of court, the vast majority of which end up as victories for homeowners, experts say.

…More at NJ towns slammed by tax appeals seek relief, but Sandy will only complicate – NJ.com

email

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
Reassessments Causing Fur...   To ensure an equitable and fair redistribution of a tax levy – so that all property owners share the tax burden of the town equally –
Tax-Exempted Properties M...   NorthJersey.com North Jersey towns reassess tax-exempt status for hospitals after key ruling NorthJersey.com The case “is a huge potential game-changer when it comes to property tax
Risk In Being Underassess... In the minutes of a recent council meeting in Westfield I saw something that caught my eye: a suggestion by the Finance Policy committee that the tax
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
Bergen County Tax Appeals...   The record pace of appeals inundating tax boards in Bergen County and counties throughout New Jersey for the last few years has slowed significantly this year.
Barnegat Tax Appeals Drai... From Asbury Park Press: BARNEGAT — The township has lost more than $2 million from its coffers during the last five years due to property owners filing
Value Appeal’s Onli... Filling out paperwork and jumping through legal hoops in order to get a tax appeal are routine tortures endured by most anyone who has ever attempted to
Westfield Realtor Offers ...   From PR News: In 2012, according to the Department of Treasury’s Division of Taxation, more than 90,000 residential tax appeals were filed in New Jersey —
Tax Appeal Scams Prevalen...   From Patch: Scammers are offering information that is useless and free for a cost, the Atlantic County Board of Taxation announced on Tuesday morning, March 19.
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