Summit Real Estate Tax Appeals Lawyer

Property taxes in New Jersey are among the highest in the nation, making the accuracy of your property tax assessment crucial to your financial well-being. If your property has been overvalued, you could be paying significantly more in taxes than you should. Our experienced attorneys handle real estate tax appeals to ensure you’re not paying more than your fair share. Contact Dempsey, Dempsey & Sheehan to share your concerns with an experienced and successful Summit real estate tax appeal lawyer to find out how we can help.

How Real Estate Property Tax Assessments Work

Property taxes in New Jersey are based on the assessed value of your property, as determined by your local tax assessor. Each year, assessors evaluate properties to establish their market value, which is then used to calculate the annual property tax bill. However, assessment errors can occur due to outdated information, incorrect property descriptions, or misjudged market value trends. When your property is over-assessed, you end up paying higher taxes.

Homeowners and commercial property owners have the right to appeal their property tax assessment if they believe it is inaccurate. An appeal can be a valuable tool to ensure that your property is fairly assessed and that you are not overburdened by unnecessary taxes.

When to Consider Filing a Real Estate Tax Appeal

It’s important to review your property tax assessment annually. If you notice that your property value has been overestimated compared to comparable properties in your area, or if the value doesn’t accurately reflect the market conditions, it may be time to consider an appeal. Common reasons for filing an appeal include:

• Disparities Between Your Assessment and Comparable Properties: If your neighbors’ properties with similar features are assessed at lower values, this could be a sign your property is over-assessed.
• Changes in Property Value: The real estate market fluctuates, and your property value may have decreased, making an older assessment inaccurate.
• Errors in the Property Description: Incorrect information about your property’s size, location, or features can affect your assessment.

Appealing your property tax assessment can be a complex process. Consulting with a skilled attorney can help you navigate this challenge effectively.

The Real Estate Tax Appeal Process

The tax appeal process in New Jersey follows a series of steps that require careful attention to detail. Here is an overview:

1. Filing a Tax Appeal: You must file your appeal with the County Board of Taxation by April 1st, or May 1st if your town conducted a reassessment or revaluation. Missing these deadlines can result in the dismissal of your appeal.
2. Gathering Evidence: Successful appeals are based on strong evidence. This includes collecting data on comparable properties, recent sales records, and appraisals, and correcting inaccuracies in your property description.
3. Pre-Hearing Settlement Negotiations: In some cases, a settlement can be reached before a hearing. An attorney can negotiate with the tax assessor on your behalf to resolve the dispute efficiently.
4. Hearing Before the County Board of Taxation: If a settlement isn’t reached, your case will be heard before the County Board of Taxation. Both sides will present evidence, and the board will decide whether your property assessment should be adjusted.

How Dempsey, Dempsey & Sheehan Can Help

Pursuing a real estate tax appeal requires extensive knowledge of New Jersey property tax laws and a strategic approach to building your case, not to mention familiarity with court procedures and hearings. Our law firm is committed to helping clients achieve tax relief through skilled, professional representation and personalized strategies. Here’s how we can assist:

• Property Valuation Analysis: We’ll evaluate your property’s assessment and compare it to similar properties to identify disparities.
• Comprehensive Evidence Collection: Our team will collect the necessary documentation, including market data and appraisals, to build a strong case.
• Negotiation and Representation: We’ll handle negotiations with the tax assessor and represent you in front of the County Board of Taxation if a hearing is required.
• Timely and Accurate Filing: We ensure your appeal is filed on time and in compliance with all procedural requirements.

Frequently Asked Questions About New Jersey Real Estate Tax Appeals

1. What happens if my tax appeal is denied?
If your appeal is denied, you still have options. You may choose to appeal the County Board of Taxation’s decision to the Tax Court of New Jersey, though this step requires additional preparation and legal knowledge.

2. Can I appeal my tax assessment on my own?
While it is possible to file an appeal on your own, having an experienced attorney greatly improves your chances of success. Our team understands the nuances of New Jersey’s tax laws and can build a compelling case to support your claim.

3. What fees are involved in a real estate tax appeal?
Our law firm offers a transparent fee structure and will discuss any costs upfront. In some cases, we work on a contingency basis, meaning you only pay if we achieve a tax reduction.

Contact Dempsey, Dempsey & Sheehan for Help With Real Estate Tax Appeals in Summit

Don’t let an unfair property tax assessment strain your finances. If you believe your property has been over-assessed, Dempsey, Dempsey & Sheehan is here to guide you through the tax appeal process and work toward a fair outcome. Contact our Summit real estate tax appeal lawyers today by calling 908-277-0388 to schedule a consultation and explore your options.