Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Why is my Property Tax Appeal taking so long?
Author: Scarinci Hollenbeck, LLC
Date: June 22, 2013
Key Contacts
Back
Many commercial property owners are turning to their attorneys to prosecute the filing of a tax appeal in order to cut costs.
By and large, these appeals are conducted on a contingent fee basis. That is to say the attorney will not earn a fee except as a percentage of savings actually achieved upon resolution of the case. As cases drag on for three (3) and four (4) years at a time requiring repetitive filings against the same property in order to maintain the tax appeals, clients rightfully become antsy and wonder when the process is going to come to an end.
The answer is, any lawyer taking on a real property tax case should advise his client of the snail pace of such litigation.
The problem is sheer volume. With over 35,000 cases pending, and only six (6) Tax Court Judges, new matters are being assigned tentative trial dates two (2) years out and later. Add to that the fact that Tax Court Judges are retiring and new ones are not coming on quickly enough and an unavoidable log jam is created. The filing for tax property appeals is at a record high. As reported by the Tax Court in its 2012 annual report, in 2012, over 15,000 new cases were filed. The court further reports that only approximately 6,000 cases were resolved during the calendar year 2012. While a number of the filings in 2012 may have been repetitive filings against the same property, it is clear that the new incoming filed cases far exceed the case numbers being resolved. Add to that the lack of motivation for a town to resolve quickly any tax appeal where a large refund is likely to occur and you have the makings of a considerable foot dragging situation aided and abetted by an overwhelmed and overburdened tax court system.
Accordingly, when considering the filing of a tax appeal case, don’t expect immediate results. Instead, prepare for the long haul.
- Industries: Real Estate
- Practices: Commercial Real Estate, Tax Abatement
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Don’t Overlook the Importance of Business License Management
If you operate a business without the proper license, you risk fines, insurance issues, reputational harm, and even business closure. Even innocent mistakes, like forgetting to renew a license, can have significant consequences, such as losing your lawsuit for payment of services that are unlicensed, which makes it imperative to have business license management procedures […]
Author: Dan Brecher
Failing to Comply With NJ Rent Control Exemption May Prove Costly
What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Author: Patrick T. Conlon
Crypto Securities Law: When Tokens Become Investment Contracts
The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
Author: Bryce S. Robins
The Due Diligence Process for NY Condominiums and Cooperatives
While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]
Author: Jesse M. Dimitro
Smart Contract Legal Issues: Drafting Agreements for Blockchain
Smart contracts feature a unique blend of legal agreement and technical code. This innovation has the potential to reshape how business is conducted. At the same time, smart contract legal issues around enforceability, jurisdiction, identity, and compliance are common. The legal framework for these self-executing agreements is still evolving. What Are Smart Contracts? Smart contracts, […]
Author: Bryce S. Robins
Are Stay Interviews the Key to Retaining Top Talent?
Retaining top talent continues to be one of the greatest challenges facing employers today. Even in an employer’s market, the loss of a key employee can disrupt operations and result in significant costs. While compensation plays a role, long-term retention often depends on workplace culture, communication, and employee engagement. One increasingly popular strategy for improving […]
Author: Angela A. Turiano
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.