Property Tax Appeals Deadline is looming!
Is your property assessed correctly? Is the Township using an outdated value? Why does it matter? Simply put… Higher assessment = Higher Taxes.
Whether it is a home, business or investment, property owners are often faced with this question and it is not uncommon for old or inaccurate values to be used. Good news ~ There is possible relief.
Property owners can file a tax appeal and for most of New Jersey the deadline is April 1st. The downside is that the onus of proving the assessed value vs. market value is unreasonable lands solely on the property owner. Having an expert appraiser to navigate the process is a key first step. Not only will they have access to sales data with in the municipality, they can help prepare reports for tax appeal filings and testify on the owner’s behalf with the latest sale and lease comparables.
If you are concerned that your property assessment is exaggerated or have questions, please contact any member of our team. We will help provide you with one of our NOW! network members.