Property owners often believe that their property is worth an amount equal to the assessment on the property. This misconception leads owners to overlook the different ratios of assessed value to true value applicable in each of the assessing districts of New Jersey and the fact that these ratios generally decline each year.
These points merely scratch the surface of this area of the law.
It is imperative for property owners to have their tax assessments reviewed by legal counsel each year to determine whether a tax appeal is warranted.
Review our annual Client Alert, “Property Tax Appeals Can Save Money,” and contact one of our experienced attorneys today.