Feinstein, Raiss, Kelin & Booker, L.L.C.
290 West Mount Pleasant Avenue
Livingston, NJ 07039
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Release Date: Wednesday, January 08, 2014
Media Contact: Caryl Bixon-Gordon (201) 796-7788
Filing Deadline for 2013 Tax Appeals is April 1, 2014
WEST ORANGE, N.J., Jan. 8, 2014 – Real estate taxes often are one of the largest operating expenses impacting a property owner’s bottom line. Yet, landlords that have not had their properties recently evaluated may be overpaying as a result of an outdated or excessive tax assessment on their income-producing property.
“The savings can be significant and help ensure a property remains competitive in today’s apartment rental marketplace,” said Gary D. Gordon, Esquire, partner of West Orange, N.J.-based Feinstein, Raiss, Kelin & Booker, LLC (FRKB). Last year, FRKB challenged tax appeals on behalf of owners of apartment buildings resulting in as much as a 28 percent reduction in tax assessments.
The final date for filing a 2013 real estate tax appeal is April 1, 2014; however, the time to start planning is now. According to Gordon, “Evaluating your income and operating expenses for the past year will assist in determining whether a property is appropriate for an appeal.”
Although property owners can appeal and appear in court on their own behalf in New Jersey, if the property is owned by a corporation, partnership or LLC, the entities must be represented by an attorney of the State Bar.
FRKB has extensive experience in resolving a wide range of apartment-rental housing and commercial property tax appeals. The firm’s tax appeal specialists provide individualized representation, guiding clients through the process. The firm’s attorneys appear regularly before County Boards of Taxation throughout the State as well as the New Jersey Tax Court to challenge unfair or excessive assessments.
Founded in 1991, the law firm represents a diverse clientele, which includes individuals, owners, corporations, LLCs and property managers as well as builders and developers. In addition, the firm has an established reputation for its capabilities in commercial real estate transactions as well as landlord/tenant law and commercial litigation matters.