Residential and Commercial Property Tax Appeals in New Jersey
In a real estate market that has seen property values plummet, you might be shocked to find that your assessment showed no decrease in your taxable value—the number used to determine your property taxes. It can feel like you are being penalized twice in this struggling economy.
At Ashenfelter, Slous, McDonough & Trevenen, LLP, we help commercial and residential property owners in Montclair, Glen Ridge, Bloomfield, Verona and surrounding communities of New Jersey, through all steps of the property tax appeal process. If you feel your property has been unfairly valued, and that your resulting property taxes are too high, our firm will help you fight back.
With over 100 years of combined experienced, our property tax appeal attorneys have the skills and credibility you need to get the attention of the tax assessor's office. We intimately understand property values, tax law and the tax assessment practices used in Essex County and the surrounding areas.
How Is The Value of Your Property Determined?
Your property assessment and taxes are based on a market value appraisal of your property. That market value is most often based on the sale price of other comparable properties in your area. However, such comparisons must be made very carefully. If the comparison property was not truly similar to yours, or if the buyer was anxious and overpaid, your market value could be exaggerated. Sometimes simple errors such as typos or miscalculations can result in an improper valuation.
Our lawyers can get you a fair and unbiased evaluation of your property value, and help you determine whether it would be cost-effective to appeal. If it makes sense to appeal, we will work with skilled appraisers to collect evidence and build a solid case on your behalf. We will file a formal appeal and appear before County Boards of Taxation or the State Tax Court to present your case.
Ashenfelter, Slous, McDonough & Trevenen, LLP has helped many clients in Montclair, Glen Ridge and the surrounding New Jersey communities get reductions in property valuations and property taxes. If you are a commercial or residential property owner and you feel you are being overcharged, contact us for a free consultation to discuss a property tax appeal.