Kevin J. DiMedio, Esq. was voted by his peers as a “2022 Leading Business Attorney”
Many property owners in New Jersey are paying more than their fair share of New Jersey Real Estate Taxes as a direct result of the ongoing economy affecting real estate values. Should you be interested in the process to reduce real estate taxes, please contact us at 856.428.5577 or [email protected] to schedule a consultation.
What is a Real Estate Tax Assessment?
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 the 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 the property tax you will have to pay. If the municipal assessment of the current value of your property is not accurate, 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.
How Can You Determine Entitlement To Assessment Reduction?
By contacting us at 856.428.5577 or [email protected] to schedule a consultation, we can discuss the process to determine if you may be eligible for a property tax reduction.
Do Not Delay
Although the deadline for filing real estate tax appeals is on or before April 1*, 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. *(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)