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Senator Robert Singer and Assemblyman Reed Gusciora sponsor companion legislation that would prohibit third parties from filing property tax appeals with respect to the property of others. S-2212/A-3888 would still permit a property owner to appeal their assessment or tax exempt status, but would no longer allow any entity or individual that pays property taxes to challenge the assessment or exempt status of any other property in the county in which they pay property taxes.    The League supports this common sense reform that will bring stability to municipalities, property taxpayers and property tax-exempt organizations.

On Monday, the Assembly State and Local Government Committee made a minor amendment and approved A-3888, which now stands at 2nd reading and can be scheduled for a floor vote.

This legislation would prohibit third parties from filing property tax appeals with respect to the property of others.  As you may know, current law allows any entity or individual that pays property taxes to challenge the assessment or exempt status of any other property in the county, in addition to their own.  The sponsor’s intention is to reduce the number of costly tax appeals and bring certainty to local government finances, as local government representatives are best suited to challenge assessments or the exempt status of a property.

Contact:

Lori Buckelew, Sr. Legislative Analyst, 609-695-3481 x112, lbuckelew@njslom.org

 

 

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