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New Jersey, New York Move Ahead With Property Tax Reprieves

May 29, 2020, 8:19 PM

New Jersey has extended tax deadlines for property owners and New York lawmakers approved a similar plan. Here’s the latest on shifting state tax guidelines, deadlines, and policy to deal with the coronavirus pandemic. For our recent coverage click here. Here’s a state-by-state roadmap.

Property owners in New Jersey have some extra time to appeal their tax bills, thanks to a new law.

Property owners can appeal government assessment of their real estate’s value for tax purposes. The law (Assembly Bill 4157), signed into law on Thursday, temporarily extends their deadline to do so until July 1, as many are struggling financially due to the pandemic.

It also extends until Sept. 30 the deadline for county boards of taxation to make a decision on those appeals. The extension applies to any taxes going back to April.

“Our current public health crisis has substantially disrupted many of our routine processes, including the ability of New Jersey homeowners to file timely property tax appeals,” Gov. Phil Murphy (D) said in a press release. “Establishing clear dates for tax appeals and decisions will eliminate the potential for a backlog that would only cause further fiscal uncertainty for taxpayers and municipal governments.”

In April, Murphy signed an executive order allowing municipalities to extend property tax payment deadlines to June, another move intended to provide relief for property owners struggling with the economic fallout from coronavirus.

New York

New York State lawmakers on Friday formally announced passage of a pair of property tax extension bills in wrapping up three days of remote meetings with a truncated agenda.

One measure—A.10252A/S.8138B—would permit municipalities to defer due dates and offer taxpayers installment plans for certain property taxes during the coronavirus emergency. The other one—A.10241A/S.8122B— would extend the application and renewal deadline for real property tax exemption and abatement programs until July 15.

Gov. Andrew M. Cuomo (D) must review both bills before they become law.

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To contact the reporters on this story: Sam McQuillan in Washington at smcquillan@bloomberglaw.com; John Herzfeld in New York at jherzfeld@bloomberglaw.com

To contact the editors responsible for this story: Jeff Harrington at jharrington@bloombergtax.com; David Jolly at djolly@bloombergtax.com

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