In Newark, revaluation is spurring action

March 2014
njbiz;3/24/2014, Vol. 27 Issue 12, p8
The article reports on the impact of New Jersey's property tax revaluation on the state's commercial property owners. The tax revaluation in Newark has reportedly led to many commercial property owners filing tax appeals. According to McCarter & English lawyer Frank Ferruggia, the tax burden on commercial property owners increased after the 2013 revaluation. Meanwhile, City Hall spokeswoman Esmerald Cameron asserts that the shift in tax burden resulted from market conditions from homeowners.


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