Category: Tax

New Law Authorizes NJ Counties to Change Tax Assessment Calendar

In August, Gov. Phil Murphy signed legislation into law that authorizes New Jersey counties to alter the real property assessment calendar, provided the relevant county board of taxation approves. The new law (formerly A-538/S2257) specifically allows any county to operate under the alternative real property assessment dates established in the “Real

NJ Senate Committee Advances Bill to Amend PILOT Process

New Jersey lawmakers are currently considering legislation that would increase oversight over local tax abatement agreements. Senate Bill 1701 aims increase transparency regarding payments in lieu of taxes (PILOTs), particularly with respect to how they impact school funding.  As previously discussed in the Scarinci Hollenbeck Government & Law Blog, many New

New Jersey Court Clarifies Veteran Property Tax Exemption

In Pruent-Stevens v. Township of Toms River, the Tax Court of New Jersey addressed eligibility for the veteran’s property tax exemption pursuant to N.J.S.A. 54:4-3.30. It clarified that the term “widow” and “widower” defines a person and not the continued marital status of the person. Accordingly, surviving spouses of disabled

Gov. Christie Vetoes Airbnb Bill to Tax Short-Term Rentals

Gov. Chris Christie recently vetoed legislation that would have made rentals via Airbnb and similar online marketplaces subject to the same state and local occupancy taxes as hotel and motel rooms.  According to the Governor, he would not support imposing additional taxes on “already overly taxed New Jersey property owners.”