Tax Appeals In New Providence Has Town Dipping Into Reserves

From The Independent Press:

Among the issues the New Providence Borough Council discussed at its June 25 meeting was a multi-million dollar reassessment of a property in the borough.

Council President Michael Genarro gave a run down on a tax appeal settlement for 41 Spring Street LLC. No information was available on the owners of 41 Spring Street LLC.

NEW PROVIDENCE There were appeals from 2008 through 2012, but the 2008 and 2010 appeals were withdrawn and the 2009 appeal was dismissed, he told the council….

More at New Providence dips into reserve for tax appeals after multimillion dollar … – Independent Press – 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
How to Avoid Unfair Prope... By SUSANNA KIM (@skimm) March 14, 2012 The battered real estate market has another side effect that often goes overlooked, consumer finance and tax experts say: Millions
Princeton U Settles Tax D... Princeton University has agreed to pay $18.2 million over the next several years to settle claims brought by a group of local residents that the university was
Borgota Hits $50m Tax App... 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
More Judges To Hear NJ Ta... From NJBIZ: For New Jersey's backlog of property tax appeals, more help is on the way….via Tax court getting more judges to help with buildup of cases
Should You Represent Your...   While presenting tax appeal seminars over the past several years, I am repeatedly asked the question of whether someone needs an attorney to file a tax
Comparables As “Ar...   Homeowners I find will often make the often fatal mistake of using distressed sales as comparables, assuming this is allowable. What needs to be understood is
Wycoff To Conduct Propert... From Patch.com: A revaluation later this year could alter the distribution of property taxes in next year's municipal budget….More at Wyckoff to Undergo Property Revaluation – Patch.com
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
Washinton Township Appeal... Washington Township officials are planning to have a revaluation of township properties performed due to a large number of tax appeals, but the work will not be
Reassessing Property Taxe... The scene is all too familiar: A tax attorney in Weston, Fla., argues that his client’s home value has dropped 8 percent in the past year, making