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Thomas S. Dolan, Esq.
Kellen F. Murphy, Esq
OUR CLIENTS
Chris J. Murphy, Esq.
Charles J. Wilkes, Esq
Matthew J. Schiller, Esq.
Roosevelt J. Donat, Esq
24 Commerce Street, 12th Floor Newark, NJ 07102
AT A GLANCE
YEAR FOUNDED: 2017
NUMBER OF ATTORNEYS INVOLVED IN PROPERTY
TAX APPEALS IN NEW JERSEY: The MSW Property Tax practice group includes 4 attorneys, led by Thomas S. Dolan, Esq.
OTHER AREAS OF EXPERTISE IN COMMERCIAL REAL
ESTATE: Murphy Schiller & Wilkes LLP (MSW) is a boutique law firm specializing in commercial real estate, with robust transactional, corporate, finance, land use and litigation expertise. The firm’s attorneys regularly represent businesses, investors and lenders in complex real estate and commercial transactions, banking and financing matters and real estate litigation. The firm’s attorneys also routinely represent clients in connection with the procurement of planning, zoning and other development approvals, and help clients identify, negotiate and secure real estate and economic development incentives, such as tax credits, tax abatements and exemptions and other forms of non- dilutive financing.
ON THE HORIZON
As property values have continued to rise over the past two years, and municipalities seek additional revenue for rising costs, municipalities have been aggressively filing reverse tax appeals to increase tax assessments, and tax assessors have been significantly increasing assessments based on recent sale activity. MSW continues to assist taxpayers in defending against these appeals and increases across the state, which have become common in certain municipalities. For 2023, due to rising interest rates and an anticipated softening of the real estate market, MSW anticipates significant opportunities to lower tax burdens that were increased in the previous years, as well as to challenge attempts to increase assessments heading into the new year.
TRANSACTION SPOTLIGHTS
MSW recently secured 30-year PILOTs for two large multifamily mixed-use apartment buildings in Plainfield and a 20-year PILOT for the development of an over 100,000-square-foot modern industrial building in Newark. MSW also represented a Newark-based public research university in securing a much-needed property tax exemption for multiple parcels purchased as part an important campus expansion.
MSW represents a wide range of clients, including institutional investors, family offices, landlords and tenants and other owners of real property. MSW’s property tax attorneys work closely with property owners to identify strategies to potentially reduce their property tax burden, and have successfully litigated the value of all property classes, including office complexes, retail stores, shopping centers, apartment buildings, industrial facilities,
hotels and unique single-purpose properties. MSW
also represents developers in negotiating tax incentive programs such as PILOTs and tax abatements, as well as nonprofit entities in property tax exemptions.
MSW ADVANTAGE
MSW was founded to provide effective, efficient and creative legal and advisory services to meet the distinctive needs of our clients. As a law firm focused solely on commercial real estate matters, our clients rely on the firm’s multidisciplinary approach in solving complex legal issues. Our attorneys have broad private- and public-sector experience, coming from top national law firms and high- level governmental positions. Through the development of individualized, client-focused strategies, our team works tirelessly to create a blueprint for success and advance our clients’ interests in every matter.
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