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N.J. Real Property Tax Assessment: How Much Should You Be Paying?

N.J. Real Property Tax Assessment: How Much Should You Be Paying?


Many property owners in New Jersey may be paying more than their fair share of New Jersey Real Estate Tax. By February 1st, each New Jersey municipality is required to notice owners of real estate within the municipality of the tax assessment for the property for that current year, and also the amount of taxes that were payable on that property for the preceding year. The assessed value of the property is the basis for the municipal calculation of your property tax owed. If the municipal assessment of the current value of your property is wrong, you may be paying more than your fair share of real estate taxes and you may be entitled to a reduction in your assessed value and, consequently, the amount of real estate taxes you are required to pay. Should you be interested in your property assessment (value) determination, and in possibly reducing your property assessment and tax, please contact us to schedule a consultation. Don’t Delay. Although the deadline for filing real estate tax appeals is on or before April 3, 2023*, now is an opportune time to determine the fair market value of your property and the likelihood of obtaining a reduction in assessed value from your municipality. Call us at 856.428.5577 to discuss your real property assessment and about reducing your real estate taxes.

DiMedio Law is a New Jersey Business & Real Estate law firm whose practice includes commercial and residential real property matters, and business & estate planning matters. Contact us at [email protected] or call us at 856-428-5577.

*(except in taxing districts where a municipal-wide revaluation or municipal-wide reassessment has been implemented, the deadline to file the appeal is May 1, 2023).

DISCLAIMER: This advisory is for general information purposes only. It does not constitute legal advice, and may not be used and relied upon as a substitute for legal advice regarding a specific legal issue or problem. Advice should be obtained from a qualified attorney licensed to practice in the jurisdiction where that advice is sought.
Office Address
Haddonfield Office
35 Kings Highway East
Ste. 212
Haddonfield, New Jersey 08033-0186
Phone: 856-428-5577
Text: 856-850-3900
Fax: 856-428-5969

Mailing Address
P.O. Box 284
Haddonfield, New Jersey 08033-0186
Phone: 856-428-5577