Tags » Real Property Valuation

Luxury Homeowners Lose Tax Appeal at the Appellate Division

The Appellate Division yesterday affirmed the lower court’s decision affirming the 2008 property assessment of a 55,000 sq. ft. estate in Moorestown.  The subject property, known as “Villa Collina,” boasts approximately 55,542 sq. 423 more words

Court Decisions

Expert's Comparable Sales Approach Rejected for Rental Property

In a recent trial before the Tax Court, a taxpayer’s appeal challenging the assessment was unsuccessful due to the taxpayer’s failure to overcome the presumption of correctness.   420 more words

Court Decisions

Failed Redevelopment Site Succeeds in Tax Appeal

Property tax issues arise commonly when a property designated for redevelopment fails to become a reality as originally proposed.  In Seaboard Landing, LLC (“Seaboard”) v. Borough of Penns Grove (“Borough”) 761 more words

Court Decisions

Sewer Issues Make Tax Appeal a Messy Affair!

The New Jersey Tax Court recently tried a dispute between a property owner and a town that began in 2006.  In William G. Orpin, Jr. v. 1,015 more words

Court Decisions

The Cost Approach: Hard Costs vs. Soft Costs in the Context of Tax Appeals

New home constructions often require that the property tax assessment which is then placed on a property be carefully examined.  Generally, property assessments for the following year are set forth by the municipal assessor on October 1.  463 more words

Court Decisions

One Step Forward, Two Steps Back for West Orange Taxpayer

Last week, the Tax Court of New Jersey dismissed a multi-year tax appeal filed by a commercial property owner in the Township of West Orange that challenged the assessment on a retail property in that municipality, which assessment had been set by a town-wide revaluation in 2011.   193 more words

Property Tax Appeals

Expert’s Opinion Off Track in Appeal Near Train Station

A New Jersey Tax Court judge recently concluded that a plaintiff’s expert failed to make several adjustments which impacted the expert’s credibility with the court. The appeal involved a residential property located less than a mile from the train station in Summit, New Jersey. 334 more words

Court Decisions