Tag: Property tax

NJ Court Clarifies When Paying Taxes on an Unowned Lot Is a “Mistake”

In Hanover Floral Co. v. East Hanover Township, the Tax Court of New Jersey held that a taxpayer’s payment of taxes on a lot that it did not actually own was a “mistake” under N.J.S.A. 54:4-54. Accordingly, the taxpayer was entitled to a refund. Facts of the Case The plaintiff,

Proposed NJ Bill Bans Third Party Tax Appeals

Proposed NJ Bill Bans Third Party Tax Appeals

New Jersey lawmakers are currently considering legislation that would prohibit third parties from filing property tax appeals with respect to the property of others. Bills have been introduced in both the Senate and the Assembly. Under current law, property taxpayers may challenge the assessment or exempt status of their own

NJ Tax Court Rules Manhattan Views Aren’t “Unique” for Tax Assessment Purposes

NJ Tax Court Rules Manhattan Views Aren’t “Unique” for Tax Assessment Purposes

In a recent decision, the Tax Court of New Jersey clarified when municipalities may use the cost approach to value properties. In Palisadium Management Corp. v. Borough of Cliffside Park, the court rejected the Borough’s argument that the property’s views of the Manhattan skyline rendered it “unique.” The Facts of

Red Bulls Soccer Team Must Pay Property Taxes

The New York Red Bulls soccer team, owned by Austrian billionaire Dietrich Mateschitz, recently lost their case before New Jersey Superior Court. The team’s stadium is located in Harrison, New Jersey. The appeals court recently upheld the lower-court’s decision that the Red Bulls owe at least $2.8 million in 2010