2007 Property Tax Assessment Appeals in New Jersey Due April 1

November 2006Newsletters In The Zone

As seen in the In The Zone newsletter.

A property owner in New Jersey considering whether to appeal its 2007 property tax assessment must do so by April 1, 2007. For those properties in a condominium association regime, the New Jersey Tax Court Rules (“Tax Court Rules”) provide an avenue that promotes efficiency by consolidating appeals of property tax assessments for properties held in common ownership. Rule 8:3-5(a)(4) states that condominium units which are separately assessed that are part of the same condominium complex but under common ownership may be combined in one Tax Court Complaint if this criteria are met. The separately assessed properties must also relate to the same Master Deed, with each property separately listed on the schedule attached to the Master Deed.