What Qualifications Should I Look For In Hiring A Tax Appeal Attorney?
It is essential to find an attorney who specializes in tax assessment appeals.
What Information Should I Have Ready For My Tax Appeal Attorney When We Meet?
When meeting with a tax appeal attorney, a client should bring a copy of their tax bill, lease, year-end property income and expense statements, appraisal documentation, a physical description of the property, and any other information pertaining to the property.
What Happens After I Meet With My Attorney?
Once a property owner has decided to retain the services of an attorney, they will sign an agreement with the attorney and decide whether to pay the attorney on an hourly basis or contingency basis. If the client chooses the latter, they will compensate their attorney with a percentage of the tax savings upon the closing of a successful case. Once retained, the attorney will file an appeal in an effort to reduce the assessed value. The property owner should have a discussion with their attorney about whether or not appraisal evidence is needed in order to support the appeal.
What Is A Grievance? When Should I File A Grievance?
Grievance is another word for an appeal. In New York State, a grievance is the first level of appeal filed to the municipal board of assessment review. The filing deadlines for grievances vary based on the location of property in New York State, which can change from year to year. A lawyer who focuses on property taxes can review and monitor the deadline to file for a client’s property in order to ensure that the deadlines are not missed.
If I File A Grievance, Am I Challenging The Taxes Or The Assessment?
Filing a grievance challenges an assessment. The successful resolution of a grievance results in the reduction of taxes.
What Proof Do I Need In Order To Challenge An Assessment?
The types of proof necessary in order to challenge an assessment will depend on the particular case. Proof of the recent purchase price of the property would be helpful, as would a copy of the agreement of sale, closing documents, and any appraisal that was used in connection with the purchase. If the property was appraised at a lower value than the assessment, it could assist in making a case. More often, the properties in question will not have been recently acquired or sold; under such circumstances, a copy of the lease, and property income and expense statements are important proof. Beyond that, the overall market will be analyzed in order to determine whether the property has been over assessed. After reviewing this information, a recommendation can be made as to whether or not the property owner should file a tax appeal.
For more information on Hiring A Tax Appeals Attorney In New Jersey, a complimentary review is your next best step. Get the information and legal answers you are seeking by calling (973) 227-1912 today.