A $4M cut in Jersey City School Funding may lead to higher commercial property taxes in 2025. Find out what this means for Jersey City property owners and how they can prepare.
Jersey City has finalized its 2024 municipal tax rate at 2.233%, resulting in a .6% reduction from the 2023 rate. Read on for the impact this will have on Jersey City taxpayers and how they can find relief.
Jersey City has finalized its 2023 property tax rate at $2.247, resulting in a 6% additional increase over last year’s rate. Because last year’s rate soared an unprecedented 32% over 2021’s tax rate, this increase appears more “reasonable”, despite significantly exceeding the average annual tax rate growth across the state.
Jersey City’s recent 32% property tax increase is the most significant property tax hike levied in decades. Read on for the impact this will have on NJ commercial property taxpayers and how they can find relief.
In Township of West Milford v. Van Decker (120 N.J. 354 576 A.2d 881), the New Jersey Supreme Court ruled in favor of the defendants who it said were singled out for property tax reassessment after purchasing a new home in the municipality. Argued and won by the property tax attorneys at Skoloff & Wolfe,… Read more »
A growing number of municipalities in New Jersey are suing commercial property owners to increase property tax assessments. Commercial property tax reverse appeals are among the most significant and controversial issues that pose the greatest potential risk for buyers and owners of commercial property in the Garden State. Whether driven by external counsel motivated by… Read more »
On June 30, 2021, David Wolfe, property tax appeal attorney, joined as a panelist at Bisnow’s Digital Summit: Development, Investment and Industry Growth to discuss the future of the real estate office market in the New Jersey waterfront area. Panelists included Michael Goldstein, Managing Director of KABR, Mark Ravesloot, Vice-Chairman of CBRE’s Midtown Manhattan office,… Read more »
David Wolfe, co-managing partner of Skoloff & Wolfe, P.C., has again been recognized on New Jersey’s Super Lawyer list. Mr. Wolfe is a real estate and property tax attorney in the New York metropolitan area and is a fierce litigator representing commercial property owners who are seeking tax relief due to deep revenue shortfalls from… Read more »
Impact of COVID-19 on property tax assessment appeals and valuations discussed. The Hotel Owners Academy of the Asian American Hotel Owners Association (AAHOA) invited David Wolfe, Skoloff & Wolfe, P.C. co-managing partner, to share his insights regarding the impact of the pandemic in depressing hotel valuations, as well as strategies for preparing for property tax… Read more »
David B. Wolfe, Esq., co-managing partner of Skoloff & Wolfe P.C, was featured in the December issue of the Mid Atlantic Real Estate Journal (MAREJ). The Journal’s audience of over 105,000 decision makers turns to the publication for the most comprehensive coverage of the commercial real estate industry encompassing the states of New Jersey, Pennsylvania,… Read more »