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Ocean Grove Camp Meeting Offices Tax Exempt
I don’t often venture over to the tax appeal side of things here at McKirdy Riskin, but I have always been fascinated by the Ocean Grove Camp Meeting Ass’n that is the subject of a recent tax court opinion authored by Judge Sundar (March 4, 2021 opinion is available here). I would suggest a full... Read More
Legislation “Solves” Property Tax Issue For Hospitals
More than five years after a landmark decision by the New Jersey Tax Court that threatened the local property tax exemption enjoyed by non-profit hospitals, the State has finally acted. Under a bill signed by Governor Murphy this week, those hospitals will retain their tax-exempt status but will make a “community service contribution” toward the... Read More
Impacts of COVID-19 on Real Property Taxes in New Jersey
New Jersey property owners should have recently received notice of their 2021 property tax assessments by early February, and many will consider whether the economic impacts of COVID-19 should cause them to seek property tax relief in 2021 due to a decline in their property values. In New Jersey, retail, hospitality, and office properties have... Read More
Nearly a Year Later, Is COVID-19 Still a Public Health “Emergency”?
It has been nearly a year since the COVID-19 pandemic has brought unprecedented uncertainty and consequences to our families, businesses, and communities. Government agencies persist with actions to protect the health and safety of the American public. Regardless of whether these actions are necessary or are helping to fight the COVID-19 pandemic, nearly one year... Read More
US Supreme Court Alert – PennEast Pipeline Cert Petition Granted !
All you SCOTUS watchers already know the news, but yesterday the United States Supreme Court granted PennEast Pipeline Company’s petition for certiorari. Petition GRANTED. In addition to the question presented by the petition, the parties are directed to brief and argue the following question: Did the Court of Appeals properly exercise jurisdiction over this case?... Read More
Tax Court: Added/Omitted Assessment Law Does Not Apply to Property Which Loses Exemption
A recent decision by Presiding Tax Court Judge Mala Sundar found that the Added and Omitted Assessment Law did not apply when an exempt property became non-exempt. Instead, the applicable law was the “Exemption Cessation” statute. The basis of this action stemmed from previously tax-exempt property that Centrastate Healthcare Services Inc. (“CHSI”) (a for-profit entity)... Read More
Tax Court Rejects “Income Approach Valuation” And Cost Estimating Software In Valuing Nursing Home
In an appeal of the 180-bed Eagle Rock Convalescent Center in West Caldwell, the Tax Court again rejected the use of the income valuation approach in valuing nursing homes. Using the Income Valuation Approach The Taxpayer argued for a reduction in its property tax assessment due to more than 50% of its population being Medicaid... Read More
Trials in the Age of COVID/SARS-2
As most New Jersey trial lawyers would know, ^ is a picture of the Hudson County Courthouse, which was built over a century ago. (click here for a detailed history of the building by jerseydigs). It is one of the most impressive and beautiful courthouses in the entire State. It was renamed the William J.... Read More
Functional Units and A New Year
Rolling into a New Year here in Morristown after enduring a 14 day SARS-2/COVID-19 quarantine isolation. Sound familiar? I bet. So, what do condemnation lawyers think of while sitting in isolation? Real estate valuation and property rights issues, of course! With that in mind, here’s a good one: what happens when your client’s private property... Read More
Caveat Emptor: Applies to Tax Sale Certificate Buyers Too!
An “experienced” tax sale certificate investor was recently rebuffed in efforts to seek rescission of tax sale certificates it purchased, and refunds of property taxes it paid on property which turned out to have little value compared to the investor’s anticipated value of the property. In Garden State Investment v. Brick Township, the investor, which... Read More
