Under New Jersey law (N.J.S.A. §54:4-35.1), a property owner with a building or other structure that suffered significant damage or destruction as a result of Hurricane Sandy may be entitled to property tax assessment relief for the 2013 tax year. The property owner must notify the tax assessor for the taxing district in which the property is located of the damage prior to January 10, 2013. The tax assessor shall "after examination and inquiry" determine the value of the property and assess the property according to such value. It is recommended that any such notification contain a specific description of the damage and any repair estimates or insurance claim information. A property tax professional may also be consulted. Any correspondence to the assessing authority should be sent by certified mail or some other method to verify receipt. If the final 2013 assessment does not take into account the property damage, the taxpayer may file an assessment appeal by April 1, 2013, or by May 1, 2013, in taxing districts where district-wide revaluations have been implemented.
Day Pitney Alert
The ABA recently published the 25th Edition of The Property Tax Deskbook.
On November 18, the Morris County Bar Association will hold their 2020 Legalpalooza.
Christopher Stracco and Katharine Coffey co-authored article, "COVID-19 and Its Impact on Real Estate," for the Real Estate Finance Journal.
Day Pitney Advisory
Adam Myron, senior counsel resident in Day Pitney's West Palm Beach office, is running for judge in south Florida.
Day Pitney Press Release
Katharine Coffey and Christopher Stracco, both partners at Day Pitney, were quoted by Law360 in the article, "Virus Creates Opening For Office Market In NJ Suburbs."
Joshua Cohen was quoted in the American Bar Association Journal, the online publication for the American Bar Association.
On July 15, the New Jersey Supreme Court issued its much awaited decision in Christian Mission John 3:16 v. Passaic City. The court granted certification on an appeal from the Appellate Division, which affirmed a decision of the Tax Court rejecting a property tax exemption for a church in the City of Passaic.