Norris McLaughlin & Marcus, P.A.

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Jan 09, 2017

Could A Property Tax Appeal Save You Money This Year?

The post below is authored by Nicholas F. Pellitta and Andrew D. Linden.

One obvious reason for filing a real estate tax appeal is to obtain a lower assessment on your real property and thereby save significant tax dollars.  Another important reason to lower your assessment and taxes is to help maintain the value of the property by making it more  marketable to potential buyers.» Read More

Dec 20, 2011

Morristown Hyatt Gets a Tax Refund with Successful Freeze Act Application

In Fifth Roc Jersey Associates, L.L.C. v. Town of Morristown, Fifth Roc, the owner of the Morristown Hyatt, represented by my colleagues Carl Weisenfeld and Nick Pellitta, successfully challenged an $8 million “added assessment” by the Town of Morristown on its property for 2009,  under the “Freeze Act,” N.J.S.A. 54:51A-8, which provides:

Where a judgment not subject to further appeal has been rendered by the Tax Court involving real property, the judgment shall be conclusive and binding upon the municipal assessor and the taxing district, parties to the proceeding, for the assessment year and for the two assessment years succeeding the assessment year covered by the final judgment, except as to changes in the value of the property occurring after the assessment date.

» Read More

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