REAL PROPERTY TAX APPEALS: The Importance of Filling out the “Annual Statement of Income and Expenses for Income Producing Property”

REAL PROPERTY TAX APPEALS: The Importance of Filling out the “Annual Statement of Income and Expenses for Income Producing Property”

Recently, in Waterside Villas Holdings, LLC v. Monroe Township, the Appellate Division has determined that the failure of a taxpayer to fill out a municipality’s Chapter 91 Request, otherwise referred to as the “Annual Statement of Income and Expenses for Income Producing Property” is grounds for dismissal. Chapter 91 requests are usually provided to the taxpayer in the late summer and fall before the impending tax year. They can be easily “over looked,” but their importance is vital should a taxpayer desire to appeal the municipality’s assessment. For more information regarding the Appellate Division’s recent decision, please click on the accompanying link.

– Daniel J. Granatell