The New Jersey Property Tax Appeal Deadline for the 2020 Tax Year has Been Fixed for July 1, 2020

In order to remove any ambiguity occasioned by prior New Jersey Supreme Court Orders, extending the April 1 and May 1 annual tax appeal filing deadlines for regular and revaluation or reassessment district appeals to “30 days after the Governor lifts the State of Emergency” occasioned by the COVID-19 pandemic, respectively, Govenor Murphy has signed into law legislation fixing July 1, 2020 as the appeal deadline for this tax year.  Although this July 1 deadline does not apply to certain limited municipalities located mainly in Monmouth and Gloucester counties, this new deadline will apply for the vast majority of property owners throughout the state.

The passing of this law was intended to provide both property owners and municipalities with the necessary certainty of schedule that will allow all parties, the fair opportunity to decide, on an informed basis, whether to take action. The relevant valuation date for the 2020 tax year is October 1 of 2019 and consideration of property values at that time as compared with the values indicated by their respective 2020 assessments should be reviewed without delay with appropriate real estate valuation experts and counsel experienced in this area of practice.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice.  For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.