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Richard P. DeAngelis Jr. Partner, Real Estate Tax Appeals
OUR CLIENTS
Connell Foley represents the full range of commercial property owners, developers, investors and lenders.
OUR ADVANTAGE
Connell Foley lawyers have handled successful tax appeals on every type of commercial property across the State of New Jersey. Our real estate team has an intimate understanding of the New Jersey real estate market
that enables us to help our clients determine whether
an appeal is feasible and, if so, to achieve a result that delivers meaningful tax savings. We are mindful that it
is not uncommon for a commercial tax appeal to drag on for many years while the taxpayer is obligated to stay current on its taxes, even where it is obvious the property is over-assessed. Our lawyers work diligently to deliver a prompt resolution of the appeal so our client realizes the tax savings sooner rather than let the case sit for several years.
Harborside 5
185 Hudson Street Suite 2510
Jersey City, NJ 07311
AT A GLANCE
YEAR FOUNDED: 1938
NUMBER OF ATTORNEYS INVOLVED IN PROPERTY TAX APPEALS IN NEW JERSEY: 6
OTHER AREAS OF EXPERTISE IN COMMERCIAL REAL ESTATE: Land Use, Permitting and Approvals; Development; Redevelopment; Acquisitions and Sales; Leasing; Financing; Condemnation/ Eminent Domain; Investment Funds; Workouts, Restructurings and Foreclosures; Environmental Permitting; Tax Matters
TRANSACTION SPOTLIGHT
Among other successes, Connell Foley lawyers have achieved:
• Settlement of an appeal of the assessments on a commercial development site that resulted in a refund to the client of more than $1.5 million and reduced the annual tax burden going forward by approximately $320,000.
• Settlement of an appeal for a regional retail operator that resulted in a refund of more than $263,000 with annual tax savings going forward of approximately $35,000.
• Settlement of an appeal on a property used by a family- run business and adjoining investment properties
that resulted in a refund of $80,000 and reduced the tax liability going forward by approximately $18,000 annually.
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