Earlier this year, the Board of Chosen Freeholders of Burlington County adopted the Alternative Real Property Assessment Calendar. Under this new schedule, Property Assessment Notification Postcards are to be mailed by November 15 of each year. These green and white postcards were previously mailed on or before February 1. The new deadline to file an appeal was also moved up from April 1 to January 15 of each year. These new time periods are currently in effect, meaning your Property Assessment Notification Postcard was mailed before November 15, 2020 and your deadline to appeal your 2021 tax assessment is now January 15, 2021.
What are the basics of the Tax Appeal Process?
Your Property Assessment Notification Postcard should reflect the fair market value of the property as of October 1 of the pre-tax year. If the assessment is more than 15% higher than the fair-market value of the property after applying the municipality’s equalization ratio, a taxpayer may be entitled to a reduction of the assessment, which should result in a reduction of property taxes. If a taxpayer determines their property is over-assessed, they may file an appeal challenging the assessment. Assessments that exceed $1,000,000 may be challenged directly with the Tax Court of New Jersey or filed with the applicable County Board of Taxation. Appeals of assessments of $1,000,000 or less may only be filed with the County Board of Taxation. A prerequisite to filing an appeal is the payment of all taxes and other municipal charges through the first quarter. In addition, the failure to respond to a tax assessor’s prior request for income and expense information (commonly referred to as a Chapter 91 request) makes a tax appeal subject to dismissal.
What should I do?
If you own commercial property in Burlington County, keep an eye out for your Property Assessment Notification Postcard in the mail, evaluate the assessment and make sure any tax appeal is filed before January 15, 2021.
If you have any questions about the tax appeal process for commercial properties, please contact Mark D. Shapiro at 856.355.2929 or by email at email@example.com; Robert S. Baranowski, Jr., at 856.355.2955 or at firstname.lastname@example.org or William F. Hanna at 856.355.2937 or email@example.com.