As we wrote earlier in 2020, Jersey City, N.J., is now aggressively pursuing commercial property owners with reverse appeals designed to increase assessments and corresponding property taxes. Despite recently completing a revaluation in 2018, Jersey City is selectively challenging assessments on vacant land, multifamily, and industrial properties. This new initiative is in full swing and has continued unabated through the coronavirus pandemic.
Property Owners Must be Prepared to Defend Themselves against Property Tax Increase Cases
It is vital for commercial property owners to engage legal representation with significant experience defending these types of cases. Skoloff & Wolfe is currently defending increase appeals filed against more than $490 million of Jersey City assessments. The firm also handles increase appeals throughout New Jersey, including in the City of Newark, West Orange, Cherry Hill, Springfield, and Elizabeth.