Real Estate Tax Appeals
Ronald J. Cappuccio, J.D., LL.M.(Tax), Tax Lawyer for more than 35 years and is a Business and Tax Attorney experienced in handling Real Estate Tax Appeals. Negotiating with the municipal tax assessor, County Tax Board Appeals and New Jersey Tax Court cases require experience.
Moorestown Tax ReAssessment
Property owners will be receiving letters from Moorestown stating the assessments for their property during December and January. These letters do not state the amount of tax you will be paying, but rather what is the fair market value of your property.
If your property is over assessed, even by as little as 1%, you can have a real estate tax appeal. This special provision only applies this year -2013 because this is a revassessment year. Normally, unless your property is valued more than 15% above fair market value, you cannot appeal..
How to Appeal an Over Assessment
If the property appears to be significantly over assessed, we will arrange for an appropriate real estate appraiser to give us a fair market appraisal of your property.
Secondly, we will discuss this with the Moorestown tax assessor and explain why your property is over assessed.
If the tax assessor will not agree, then we will file an appeal to the Burlington County Board for a hearing to determine fair market value. If your property is worth more than $1 million, we may file an action directly in the New Jersey Tax Court.
Once we win before the county board or New Jersey Tax Court, Moorestown will not be able to increase the assessment of your property for 3 years.
About Ron Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax), business and tax attorney, has more than 35 years of tax and business law experience includung Real Estate Tax Appeals. Our firm negotiates tax over assessments with municipal tax assessors. We file appeals to the County Tax Board and the New Jersey Tax Court..
Tax Appeal Hearing
Once you have filed your tax appeal, a hearing before the County Tax Board is scheduled. The matters are typically heard in May, June and July of each year. Adjournment Requests are almost always denied. The County Board consists of 5 members appointed by the governor. The Tax Board Commissioners are appointed primarily to hear disputes involving assessments