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New Jersey Office Property Tax Appeal

Property Tax Appeals: Increase the Value of your Office Buildings

Office Property Tax AppealCommercial office rents and occupancy rates in New Jersey remain stagnant in many markets. Meanwhile, expenses such as property taxes continue to rise, decreasing the long-term value of your property. At Skoloff & Wolfe, we specialize in data-driven property tax appeal representation and analysis that restores and enhances value to commercial office properties. We also assist prospective buyers and developers in effectively underwriting the potential property tax burden associated with the acquisition or development of office properties.

Helping Landlords and Tenants Appeal Property Taxes

In New Jersey, whether you are the landlord or tenant of a commercial property, you may have the right to appeal your property taxes. Skoloff & Wolfe represents owners of multi-tenant and single-tenant office buildings and tenants of single-tenant office buildings. We are experienced property tax lawyers with a track record of substantial success on behalf of our clients. We understand the concessions office landlords make to attract tenants, including tenant improvements and free rent, and the implications such concessions have on effective rents. More importantly, we effectively present these facts to local municipalities and tax assessors.

Creating Value Through Analysis

When it comes to commercial office property tax appeals, knowing how to analyze critical data and present hard evidence is crucial to achieving successful outcomes. We have the capacity and expertise to apply in-depth analysis on behalf of owners with multiple properties. We review entire real estate portfolios and make recommendations on which properties may benefit from property tax appeals. We also assist clients in identifying potential property tax savings when evaluating new assets.

Billions of Dollars in Assessment Reductions and Transactions for Office Buildings

Skoloff & Wolfe has a proven record of results. In recent years, we have obtained billions of dollars in assessment reductions for our clients, including the following office building assessment reductions* for property owners:

  • Reduced office assessment from $372 million to $264 million
  • Reduced office assessment from $200 million to $90 million
  • Reduced office assessment from $138 million to $64 million
  • Reduced office assessment from $106 million to $72 million
  • Reduced office assessment from $18 million to $13 million
  • Reduced office assessment from $14 million to $6 million

* all assessments rounded to nearest million

Reliable Representation that Gets Results

New Jersey property owners and tenants rely on Skoloff & Wolfe for results-oriented representation before municipalities and tax assessors. We understand the intricacies of commercial property tax appeals on a granular level and, in particular, the differences between real-world value and tax-court value when it comes to office buildings.

Questions about commercial property tax appeal? Contact Us to Begin

Skoloff & Wolfe will review your property tax assessment free of charge. You will not be responsible for any legal fees unless we achieve a tax savings. To discuss your property tax assessment with a Skoloff & Wolfe commercial property tax appeal attorney, please call (973) 992-0900.

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David B. Wolfe dwolfe@skoloffwolfe.com

David, the Managing Partner of the firm's Real Property Tax Department, handles significant real property tax matters for both commercial and residential clients. Mr. Wolfe has obtained significant assessment reductions on behalf of his clients, including retail chains, hotels, restaurants, and multifamily housing units.

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Saul A. Wolfe SWOLFE@skoloffwolfe.com

Saul, one of Skoloff & Wolfe, P.C.’s founders, has repeatedly been recognized as one of New Jersey’s foremost authorities on real property valuation litigation. He is a Life Fellow of the American Bar Foundation, and was the President of the New Jersey State Bar Foundation.

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Jane J. Felton JFELTON@skoloffwolfe.com

Jane has an extensive litigation background and has a love for “hard cases,” particularly those involving complex business interests, trust assets in dispute, and cases that raise unsettled questions of law.

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Robert F. Giancaterino rgiancaterino@skoloffwolfe.com

Robert concentrates his practice primarily in local property taxation, condemnation, related real property valuation issues and general commercial litigation.

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Maria H. Yoo myoo@skoloffwolfe.com

Maria focuses her practice on local property taxation and related real property valuation issues. Her background includes representing commercial, industrial and residential clients in their tax appeals.

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Rebecca Hutcheon rhutcheon@skoloffwolfe.com

Rebecca is an associate in the firm's Real Property Tax practice. Ms. Hutcheon began her legal career clerking for New Jersey Appellate Division Judge Jonathan N. Harris, retired.

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Ryan M. Jones email

Ryan M Jones focuses his practice representing taxpayers in complex real estate tax matters, focusing in a variety of interrelated areas, including PILOTs/redevelopment, exemptions, 1031 exchanges, environmental remediation.

Vincent I. Ferrer vferrer@skoloffwolfe.com

Vincent I. Ferrer, Esq. is a member of Skoloff & Wolfe's property tax appeal team which represents companies and individuals in complex business disputes. He is admitted to practice in both state and federal courts in New Jersey.

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