Tag: New Jersey tax assessments

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

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NJ Tax Court Highlights How to Determine If Assessment Is Reasonable

In 510 Ryerson Road, Inc. v. Borough of Lincoln Park, the Tax Court of New Jersey highlighted the standard of review in Chapter 91 reasonableness hearings. In doing so, it held that an assessment that relied on the recommendations of a valuation firm was reasonable, given that the assessor performed