On Thursday, Gov. Phil Murphy signed legislation which temporarily extends the deadline to file a property tax appeal to July 1, 2020.
Bill A-4157, which was supported by NJBIA, also extends the deadline for county boards of taxation to render decisions in tax appeal cases to September 30, 2020.
The bill takes effect immediately and applies retroactively to April 1.
“We thank the sponsors of this legislation and the governor for signing it into law as it will give businesses more time to research property value and file their appeals,” said NJBIA Vice President of Government Affairs Chris Emigholz.
“The current pandemic has no doubt strained the processes individuals would need to navigate to successfully file an appeal on their property tax assessment,” said Assemblymembers Raj Mukherji and Gordon Johnson, two of the bills sponsors, in a joint statement.
“Giving homeowners and counties time, by extending deadlines, is therefore critical to ensure properties can be fairly assessed and appeals adequately processed. And for families it provides an opportunity to generate savings on tax payments, particularly when many have lost income and become financially vulnerable.”