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REAL ESTATE TAX APPEALS
Nowell, P.A.’s
statewide practice in the area of real property tax appeals is
taxpayer-oriented, helping clients to gain significant tax savings
through reduced assessments. The benefits to property owners,
however, go beyond mere dollars. In many instances, successful or
pending tax appeals can make properties more marketable or easier to
rent.
Real property tax appeals involve two basic issues – the true value
of the property involved, and the appropriate percentage of true
value at which the property should be assessed. Nowell, P.A.
provides start-to-finish legal and support services in this area.
These begin with an evaluation of a client’s property (together with
a qualified appraiser) to determine whether a tax appeal is
warranted. Nowell, P.A. then retains the necessary experts and
handles all appeals, from the Tax Court of New Jersey or a county
tax board, depending upon the size of the assessment in question –
through the Appellate Division and the Supreme Court of New Jersey.
While any substantial property may be a successful candidate for a
successful appeal, real property tax appeals generally present most
significant financial benefits to owners of large industrial,
commercial or multi-family residential rental properties. The firm’s
clients in this area include many of the largest commercial and
industrial entities and residential owners in the state. The firm
welcomes the opportunity to evaluate properties for appeal
potential, usually at no charge to the owner.
Tax appeals generally are handled by the firm on a contingency fee
arrangement, although other fee arrangements including application
of standard hourly rates, can be utilized.
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