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NJ Property Tax Appeal Attorney, Stephen A. Gravatt, Esq.

NJ Property Tax Appeal.

Did you know that all property owners have the right to ask Government for a reduction in the amount of property tax he or she must pay?

If your property has been over assessed [by your local tax assessor] in relation to comparable sales of similar properties [in your neighborhood] you could be entitled to a reduction in the dollar amount of tax you must pay [if you apply for and prevail on your tax appeal].

How much of a reduction you may ask? In my experience it is not uncommon to save as much as a low of five percent (5%) to a high of twenty five percent (25%), depending upon market values.

However, you must avoid “pitfalls” which could cause your appeal to be dismissed and/or denied.

Filing deadlines must be strictly adhered to.

In some New Jersey Counties, [assuming the value of your property is less than 1 million dollars] your appeal must be filed no later than January 15, 2021, although you may file with the County Tax Board as soon as November 15, 2020 [for 2021]. In other Counties, the deadline for filing is April 1, 2021, but you may as soon as January 15, 2021 [for 2021]. Monmouth County is a November 15 through January 15 vicinage. If your property is assessed at more than one million dollars (1,000,000.00), you have the option of filing an appeal directly with the State Tax Court of New Jersey, as long as you file by May 1, 2021 [for 2012]

Property valuations must be proved by expert testimony.    

I retain experienced appraisers who have conducted studies on property values in many neighborhoods and who have generated many appraisals in support of their valuations. Use of an experienced expert is an invaluable tool in convincing a commissioner or a judge that your valuation is more accurate than the Township appraiser’s estimated value.

Examples of results I have obtained for clients

Spring Lake Borough – 111 Ocean Avenue assessed at $3,674,600.00 reduced to $3,300,000.00
Spring Lake Borough – 1311 Ocean Avenue assessed at $4,001,600.00 reduced to $3,600,000.00 Sea Girt – 5 Sea Girt Avenue assessed at 42,600.000.00 reduced to $2,200,000.00

Flood Zone Properties

In addition to filing and prosecuting real estate tax appeals, Stephen A. Gravatt, Esq. provides a full range of services in the area of real estate taxes, including:

• Assist in reducing assessments in properties deemed to be located in FEMA flood zones

Commercial Property Tax Attorney

• My appraisers and I also do real estate tax appeals for office buildings, shopping centers and malls, restaurants, and other commercial entities.Negotiating tax abatements and PILOT agreements for redevelopment projects;
• Obtaining and maintaining farmland assessments;
• Assisting in due diligence for the acquisition of real estate;
• Defending added and omitted tax assessments; and,
• Litigating the value of contaminated property.

NJ Real Estate Contract Dispute Attorney

A leading NJ Real Estate Contract Dispute Attorney Stephen A. Gravatt, Esq. Mission is to obtain settlement or judgment awarding you the very best possible outcome in each dispute.

Stephen A. Gravatt, Esq. a NJ Real Estate Contract Dispute | Property Tax Attorney with over thirty (30) years experiences offers reasonable attorney’s fees and uses only licensed real estate brokers and licensed appraisers for expert witness reports and testimony.

Practice area includes representation in matters where the subject premises is physically located in the following Counties.