Properties devalued by storm may be eligible for tax adjustment

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Atlantic County Executive Dennis Levinson urges all property owners whose dwellings have been destroyed or made significantly less valuable as a result of Superstorm Sandy to notify their local tax assessor in writing before Jan. 10 to see if their property qualifies for a reduction in assessed value for tax year 2013 under New Jersey Law (NJ S. 54:4-35.1).

"The impact of Sandy has been felt in so many ways, but perhaps most significantly in the damage to area homes and businesses. If their value has been reduced then it is only fair that tax assessments reflect this change," stated Levinson. "The Atlantic County Board of Taxation has directed local tax assessors to begin field inspections immediately and to do whatever it takes to expedite this process for completion by Jan. 10."

Property owners should document damages with photographs and keep a copy of the notice and any supporting evidence for their own records. Written notice should be sent to the local tax assessor's office by certified mail, return receipt requested, so there is proof that it was mailed prior to the deadline. After inspection by the local assessor's office, a determination will be made as to any adjustment in assessed value. Residents may find contact information for local offices at www.aclink.org/taxation/pdfs/assessors_list.pdf.

Those who fail to notify the assessor in writing by the deadline will have to file a tax appeal by the appropriate tax deadline, which is usually April 1 for most towns and May 1 for towns that have been revalued or reassessed.

The New Jersey Division of Taxation has also extended the tax filing deadline for businesses struggling to recover from the storm. The deadline for tax filings and payments for the period beginning Oct. 30 and ending Nov. 26 has been extended to Nov. 26. Deadlines due after Nov. 26 have not been extended. For more information call the Division of Taxation at (609) 292-6400.


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