Are you paying too much in property taxes? If you own a home or business in New Jersey, there’s a chance your property is over- assessed—meaning you’re handing over more money than necessary! The good news? You can FIGHT BACK with a property tax appeal and potentially save thousands.
WHAT IS A PROPERTY TAX APPEAL
A property tax appeal is your legal right to challenge your property’s assessed value. If successful, your assessment (and your tax bill) will be lowered— putting more money back in your pocket every year
WHY YOU SHOULD APPEAL
Save Money Every Year – Even a small reduction in assessed value means big long-term savings.
Boost Your Property’s Value – Lower taxes make your property more attractive to buyers.
Demand Fairness – Many properties are over-assessed. Why pay more than your fair share?
5 EASY STEPS TO APPEAL YOUR PROPERTY TAX ASSESSMENT
Check Your Assessment
Look up your property’s assessed value and compare it to similar properties in your area. If it’s too high, it’s time to act!
Gather Your Evidence
Photos – Show property issues or differences from comparable homes.
Comparable Sales Find recent sales of similar properties with lower values.
Reports – Any structural problems? Market downturns? Document them!
File Your Appeal Before the Deadline!
Deadline: April 1st (or 45 days from your County Board of Taxation judgment). If your assessment is over$1 million, you may appeal directly to the Tax Court of New Jersey.
Attend Your Hearing & Present Your Case
Be prepared to present your evidence! The tax assessor will argue their side, and the board will make a decision.
Get the Decision – and Appeal Again if Needed
Win? Your property taxes go down! Denied? You have 45 days to appeal to the New Jersey Tax Court
CONCLUSION
By following these steps and preparing adequately, property owners in New Jersey can navigate the tax appeal process more effectively and potentially reduce their property tax burden.
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