Bill Text: NJ S2280 | 2016-2017 | Regular Session | Introduced
Bill Title: Requires taxpayer appealing assessment of real property assessed at more than $1 million to file an appraisal within 90 days of filing the appeal.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-05-26 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee [S2280 Detail]
Download: New_Jersey-2016-S2280-Introduced.html
Sponsored by:
Senator PATRICK J. DIEGNAN, JR.
District 18 (Middlesex)
SYNOPSIS
Requires taxpayer appealing assessment of real property assessed at more than $1 million to file an appraisal within 90 days of filing the appeal.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning certain real property assessment appeals and amending P.L.1992, c.175.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 8 of P.L.1992, c.175 (C.54:48-6) is amended to read as follows:
8. The Director of the Division of Taxation shall prepare statements that set forth in simple and nontechnical terms:
a. the procedural and substantive rights of a taxpayer under the State Tax Uniform Procedure Law, R.S.54:48-1 et seq., including information and notice standards, rights of representation and confrontation, and the standards for allowing closing agreements and compromises; and the obligations of the Division of Taxation under that law, including obligations of explanation, communication and confidentiality;
b. the procedures and time limits to protest an assessment or to protest a decision of the director, which shall include a requirement that a taxpayer shall file, and concurrently provide a copy to the assessor, an appraisal on or before the 90th day next following the filing date of a tax appeal for real property assessed at more than $1,000,000. If the appraisal is not timely filed, or if an extension of time is not granted by the Tax Court for good cause shown, then the appeal shall be dismissed with prejudice;
c. the procedures and time limits to appeal a final decision of the director;
d. the procedures for making a claim for refund under that law, and under any other law or regulation which may prohibit the application of the refund provisions of that law; and
e. the procedures which the director may use in determining State tax liability, including the director's right to verify taxes through examination of records, hearings, and subpoena powers, and the procedures which the director may use in collecting a State tax liability, including deficiency assessment, arbitrary assessment, penalties and interest, liens, levies and criminal sanctions.
(cf: P.L.1992, c.175, s.8)
2. This act shall take effect immediately.
STATEMENT
This bill would require a taxpayer intending to appeal an assessment on real property of more than $1 million to file a property appraisal by the 90th day next following the filing date of the assessment appeal. At the same time, a copy of the appraisal would have to be provided to the local assessor. If the appraisal is not filed within the required time period or an extension of time is not granted by the Tax Court for good cause shown, then the assessment appeal would be dismissed with prejudice.
