Revises procedure for determining real property tax appeal outcomes.
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill revises how New Jersey determines the ‘common level range’ used in real property tax appeals. Currently, this range is set at 15% of a district’s average assessed value, but the bill requires the Director of the Division of Taxation to certify if adjusting it to 5% is technically feasible. If deemed feasible, the adjusted range would be applied; otherwise, the technical feasibility will be reviewed annually. This change aims to potentially improve the success rate of property owners appealing their tax assessments.
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours