Commercial, industrial, residential or multi-unit tax rates may be higher than they should be, and the law firm of Wolf Vespasiano may help you lower them.
Commercial, industrial, residential or multi-unit tax rates may be higher than they should be, and the law firm of Wolf Vespasiano may help you lower them.
The law firm of Wolf Vespasiano has successfully handled appeals in all of New Jersey's 21 counties on a variety of types of properties including, commercial, industrial and residential properties. We have appealed thousands of properties and saved clients millions of dollars in the form of refunds from municipalities. Michael A. Vespasiano, Esq., filed several hundred successful appeals last year alone. These reductions have related to all types of property throughout the state of New Jersey.
Answer a few questions to see if the law firm of Wolf Vespasiano can help with your residence or business property.
Answer a few questions to see if the law firm of Wolf Vespasiano can help with your residence or business property.
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 or Gloucester Counties 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.