Minimizing tax obligations, maximizing tax recovery

Because real estate taxes are the single largest building operating expense, this legal practice is focused on minimizing tax obligations and maximizing tax recovery in the following areas: commercial property, industrial property, multi-unit residential (five or more units) and residential (one to four units — taxes over $15,000 per year).

Declining municipal ratios coupled with fluctuating market values on different types of property have caused many New Jersey properties to be overassessed. During the first week of February you should receive your Notice of Property Tax Assessment. If it is determined that your property has been overassessed, an appeal must be filed by April 1 of each year (or by January 15 for Monmouth County properties assessed at or below $1,000,000).

The complicated procedure of valuing properties provides many sources of error, including:

  • Simple mistakes in mathematics
  • Errors in analyzing and interpreting market data
  • Making faulty comparisons with other property in the same area
  • Mistakes in assigning a property to a geographical taxing unit
  • Incorrect facts about individual properties, including physical parameters, and
  • Changing marketing conditions

Our firm and practice knows you can't accept any of those reasons. You have a right to fair taxes.