Significant Property Tax Savings Possible via Professional Review and Appeal

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Explore:  Property Tax

Commercial and residential property owners will receive their property assessment cards on or about February 1, 2014, and they will have until April 1, 2014 to file a tax appeal (except for Monmouth County residents whose filing deadline has passed.) During this short time frame, it is wise to review your real property assessment to ensure that you are not paying more than your fair share of property taxes. Genova Burns Giantomasi Webster LLC works closely with property appraisers early in the tax appeal process to evaluate a property owner’s likelihood of successfully prosecuting a tax appeal claim.

A representative sampling of our successful property tax appeals in years past include the following outcomes:

• Commercial property owner for whom we secured a $3 million dollar property assessment reduction resulting in a tax savings of approximately $99,000.00 for the property owner;

• On behalf of a cooperative housing complex located in Essex County, we secured a reduced property assessment from over $40 million to approximately $35 million, resulting in a yearly tax savings of over $130,000.00...

Please see full Article below for more information.

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Topics:  Property Tax

Published In: Civil Procedure Updates, Commercial Real Estate Updates, Residential Real Estate Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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