Call us today at 201-996-0056 for a free consultation with an attorney with more than 29 years of experience.
Real Estate Tax Appeals
“NEW JERSEY PROPERTY TAXES ARE OUT OF CONTROL!
PROPERTY VALUES ARE DOWN ON AVERAGE 25-30 PERCENT!!!
Now is the time to reduce your property taxes and save hundreds maybe thousands of dollars
now and into the future with a property tax appeal. You do need a lawyer if you want to
maximize your tax reduction. If you missed the April 1, 2011 deadline, get ready to file a 2012
tax appeal between January 1 - April 1, 2012. Call us today at 201-996-0056 for a free
consultation with an attorney with more than 29 years of experience in Real Estate Tax Appeals!
We are retained only on a continency basis. Thus if we don’t win, we don’t get paid!!
KNOW THE FACTS AND YOUR RIGHTS!!!
YOUR ASSESSMENT IS NOT WHAT THE MUNICIPALITY FEELS IS THE FAIR
MARKET VALUE OF YOUR PROPERTY.
DON’T LET YOUR TOWN OR ASSESSOR TRICK YOU!!
DON’T ACCEPT A SMALL REDUCTION WHEN YOU MAY BE ENTITLED TO A
GREATER REDUCTION AND MORE SAVINGS!!!
KNOW ALL THE FACTS THAT THE ASSESSOR KNOWS!!!
Some homeowners may be entitled to a reduction in property taxes but believe the assessment
represents the value of the property. That is not always the case.
DO THE MATH- to determine what value your tax assessor feels your home is worth, divide the
total assessments (land plus improvements) by the town’s equalization ratio. Call us to determine
your equalization ratio. Each town has a safety cushion of 15 percent of the total value. By
example, if a town is assessing a property at $500,000 but has an equalization ratio of 50%, the
town is really placing a value of 1 million dollars on the property.
DO NOT DELAY! The deadline for filing a property tax appeal in New Jersey is fast
approaching. Taxpayers must file their appeal of their assessment by April 1 or 45 days from the
bulk mailing of Assessment Notice (whichever is later), or, if the property’s municipality had a
revaluation or reassessment, May 1st.
If you missed the April 1, 2011 deadline, get ready to file a 2012 tax appeal between January
1 - April 1, 2012. Call us today at 201-996-0056 for a free consultation with an attorney with
more than 29 years of experience in Real Estate Tax Appeals!
The First question is...Are you Eligible for a tax reduction?
Call us for a preliminary qualification of your tax appeal.
Here is the litmus test. A tax reduction can be reviewed if you can show that your assessed value
is at least 15% greater that the market value of your property. If the difference is less that 15%,
your appeal will not be heard. Lets look at an example based on a NJ property:
The total assessed value on the home (Land and Bldg) is $500,000. To calculate how this
translates to market value, divide the assessed value by the equalization ratio which in this town
was .85. i.e...$500,000 by .75% equals $666,666.00. Now, here is where the 15% rule kicks in:
In order for your appeal to be reviewed all comparable sales in your area must prove that this
house is valued less than $566,666.00. If so, you may have case.
WHAT IS A COMPARABLE SALE TO BE UTILIZED AT THE HEARING?
Remember, you cannot use information on any house that sold after October 31, 2011 for your
2012 tax appeal. We can connect you with a certified appraiser who specializes in tax appeals
and can perform the necessary services required for a successful completion of your appeal. He
has helped us win many this year for our clients. He will be the best person to determine the
comparable sales of other properties and to testify in Court on your behalf.
If we feel a tax appeal is warranted we will advise you to obtain an appraisal of the property. This
includes a site visit, measurement of dwelling and interior floor plan, inspection of visible items
and consultation with a home owner.
SCOPE OF REPRESENTATION
In particular, our engagement shall include the following services:
A) Consultation(s) with the client;
B) Consultation(s) with expert witness(es);
C) Review and analysis of real estate appraisal(s);
D) Preparation of pleadings and/or petitions;
E) Attend conference with taxing district representatives;
F) Appearances before the County Board of Taxation;
G) Such additional legal services as may be deemed appropriate to contest, on the
client's behalf, the real estate tax assessment of the taxing district.
CONTINENCY FEE ARRANGEMENT
You may retain our service on a contingent fee basis plus an initial non refundable fee
which is to also be utilized to cover the County Board of Taxation filing fees, disbursements and
other expenses and costs incurred by our office. This means an agreement for the legal services
of an attorney pursuant to which compensation is contingent upon the successful accomplishment
of the tax appeal. A successful appeal will by law freeze your assessment for a minimum of
three years unless a town wide reassessment is undertaken. This, in turn, will result in reduced
annual taxes on the property for such year(s); or, in other words, real tax savings to and for the
party having the tax payment obligation. In other words, if we are retained on a
contingent fee basis, we would receive no additional fee for our services
provided on your behalf unless and until we succeeded in reducing your
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