A bill that increases the time municipalities have to refund successful nonresidential property tax appeals from 60 days to three years was signed into law by Gov. Phil Murphy today.
Andrew Musick – Vice President, Government Affairs
While the New Jersey Business & Industry Association was appreciative for minor amendments added to bill A2004, Vice President of Government Affairs Andrew Musick said the large increase in time for the repayment period is “overly burdensome” and an example of how New Jersey’s business community is not being treated fairly compared to residential taxpayers.
“Requiring business owners to wait this much longer to recoup their overpayments, when some have invested years in pursuing a successful property tax appeal, is neither fair nor reasonable.”
The bill’s sponsors have said the change from 60 days to three years was needed because it can be difficult for a municipality to pay larger amounts of some business appeals quickly.
Musick, however, said that “traditionally, commercial and residential property taxpayers have always been treated the same. We remain steadfast that uniformity in repayment periods for both should remain.”
Musick’s full statement can be found here.
Can the business climate in NJ get any worse? If NJ chases all the businesses out of the State and the only way to get any here is with handouts… how can the State survive? Is the end game in NJ for everyone to work for the government and have them own and control everything including healthcare? How does it help a municipality if a company is owed money and has to wait and says you know what… we are LEAVING.
Like residential taxpayers are treated fairly either. Bring back to ARBITRATION CAP. Over 64% for schools is close to insanity in my town.