property tax appeals

PROPERTY TAX ALERT: Filing Deadline for Added or Omitted Assessments is Approaching

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Property owners in New Jersey that have engaged in recent improvements or expansions of their property or purchased tax exempt property this year may be at risk for an unexpected tax increase by way of an added or omitted assessment. Taxpayers are typically surprised to receive these tax notices seeking additional property taxes going back two years in some cases.

Thomas S. Dolan, Esq. is a partner at Murphy Partners LLP and leads the firm’s Property Tax Appeals practice group.

Thomas S. Dolan, Esq. is a partner at Murphy Partners LLP and leads the firm’s Property Tax Appeals practice group.

In October of each year, tax assessors send out notices of added or omitted assessments that allow them to assess new construction or physical alterations to properties that have been completed in that calendar year. The added assessment is the amount of the difference between the property assessment before the improvement and the value of the entire property after the improvement. The improvement is valued as of the first day of the month following substantial completion and is prorated for the number of full months remaining in the tax year. 

In the case of previously exempt property, the added amount is the tax due on the property without the exemption, prorated from the date the property became non-exempt. A property may lose its exemption for various reasons, including purchase by a for profit entity or a change in the use.  

The added assessment and the omitted assessment taxes are due on November 1, 2019. The strict deadline for filing an appeal of the added or omitted assessment is December 1, 2019.

If you received an added or added omitted notice or are otherwise considering whether to file a property tax appeal for the upcoming year, the experienced team at Murphy Partners LLP is ready to provide a complimentary evaluation of your property. If we determine that an appeal will be beneficial, we will recommend a strategy to reduce your tax burden and can file and pursue your appeal.

Roosevelt J. Donat is Special Counsel at Murphy Partners LLP and is a member of the firm’s Property Tax Appeal practice group.

Roosevelt J. Donat is Special Counsel at Murphy Partners LLP and is a member of the firm’s Property Tax Appeal practice group.

As a boutique law firm specializing in commercial real estate, our team has invaluable insight into the real estate market and has successfully litigated the value of virtually all property types. Our team also has considerable experience advising on tax exemptions, or other tax incentive programs, that may be available to reduce your property tax burden outside of the appeal process. Our experience and deep broad-based knowledge allow us to consider all options that may be available to potentially reduce your tax burden.

For additional information concerning our property tax appeal services, or to request an evaluation of your property, please feel free to reach out to Thomas Dolan or Roosevelt Donat at (973) 877-6984 or via email at tdolan@murphyllp.com or rdonat@murphyllp.com.

MURPHY PARTNERS ADDS PROPERTY TAX APPEAL AND LITIGATION GROUPS WITH ADDITION OF NEW PARTNER

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NEWARK, NJ, January 14, 2019 — Murphy Partners LLP is pleased to announce that Thomas S. Dolan will be joining the firm as a partner and will lead the firm’s Property Tax Appeal and Litigation practice groups.

Tom has a wealth of experience advising taxpayers and governmental entities on complex real property tax issues and has litigated the value of virtually all property types, including office buildings, retail stores, shopping centers, apartment buildings, industrial facilities, hotels, and unique special purpose properties. He also has extensive experience litigating complex commercial matters in state and federal courts, including class actions, franchise litigation, state tax controversies, commercial contracts, and real estate disputes.

Additionally, Tom has considerable expertise advising non-profit organizations on obtaining and litigating real estate tax exemptions, including arguing before the Supreme Court of New Jersey, where he successfully represented a group of national and local mental health organizations in preserving property tax exemptions for housing for residents with developmental disabilities.

As a valued advisor on Long Term Tax Exemptions and Payment In Lieu of Tax (PILOT) agreements, Tom will represent both redevelopers and municipalities through all aspects of the PILOT approval process, from obtaining the proper redevelopment area designation to negotiating and finalizing the terms of the tax agreement.

Prior to joining the firm, Tom was a commercial litigator at the prominent national law firm Lowenstein Sandler LLP, where he litigated a wide array of complex commercial matters in state and federal courts across the country. Tom later worked at Skoloff & Wolfe, PC, where he represented taxpayers and municipalities in property tax litigation and advice.

Tom received his law degree from Rutgers School of Law, and his undergraduate degree, summa cum laude, from Rutgers University.

“We are incredibly excited to have Tom join our growing team. He is a seasoned attorney, with significant experience handling complex real property tax and commercial litigation matters and will prove to be a valuable asset to our existing and future clients. His experience will be instrumental in our continued commitment to providing clients with effective legal solutions,” says Kellen F. Murphy, the firm’s managing partner.  

“I am privileged to be joining the talented group of attorneys at Murphy Partners. In a short time, they have distinguished themselves as leaders in the areas of real estate and redevelopment. I am looking forward to contributing to the firm’s continued excellence and its growth in the areas of commercial litigation and real property taxation,” says Thomas S. Dolan.

Murphy Partners LLP is a boutique law firm specializing in real estate, development, and economic incentive advisory. With offices in Newark, New Jersey and New York City, the firm was founded to provide effective, efficient, and creative legal services to meet the distinctive needs of our clients. Through the development of comprehensive legal strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.