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  Woodbridge | Roseland | Red Bank | New York
AT A GLANCE
YEAR FOUNDED: 1914
NUMBER OF ATTORNEYS INVOLVED IN PROPERTY TAX APPEALS IN NEW JERSEY: 3
OTHER AREAS OF EXPERTISE IN COMMERCIAL REAL ESTATE: Purchase, sale, financing and leasing of commercial and industrial property; development, sale and operation of condominium communities; alternative energy projects; utilization of financial incentives
 Thomas J. Denitzio, Jr.
OUR CLIENTS
We represent commercial, industrial and residential property owners seeking a reduction in their property tax assessment. This includes consultation on tax liability and the viability of appealing, filing of appeals with the County Board of Taxation or the Tax Court and representation
at settlement conferences and in Tax Court litigation. We have also represented tax assessors in defending appeals and provided guidance concerning the use of real estate appraisals in other contexts, including matrimonial litigation and estate planning. We have also handled condemnation cases on behalf of both property owners and condemning agencies.
ON THE HORIZON
The firm has identified several growth areas with today’s market. The enactment of the New Jersey Economic Recovery Act established over a dozen new or expanded incentive programs designed to promote job growth, property development, redevelopment
and community partnerships. In response, we have a dedicated multidisciplinary practice group available to counsel clients on how best to take advantage of these programs. In other growth areas, the firm’s Cannabis Industry Group advises clients on the opportunities and
risks of New Jersey’s recreational and medical marijuana programs, while our Energy, Renewable Resources and Sustainable Development Group represents clients on a wide range of sustainable building and renewable energy projects.
TRANSACTION SPOTLIGHT
The firm’s involvement in challenges by municipalities to property tax assessments of commercial properties has become more prevalent in recent years. This is an important trend to note since any tax increase could have severe consequences for tenants who may be responsible for paying the additional tax burden and are already coping with economic issues caused by the pandemic that have placed them in financial distress. The firm has successfully defended appeals filed against our clients seeking to increase the assessments of their income-producing property, including the negotiation of settlements using installment payments of additional taxes imposed against the property to cushion the unanticipated strain on cash flow. The firm has also advised many clients that purchase commercial property on whether an assessment would be subject to increase after closing.
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