This bill proposes an increase in the filing fees for property tax assessment appeals submitted to county boards of taxation in New Jersey. The fees have not been adjusted since 1979 and will be raised according to a new schedule based on the assessed valuation of the property. Specifically, the fee for properties valued at less than $150,000 will increase from $5 to $25; for properties valued between $150,000 and $500,000, the fee will rise from $25 to $75; for properties valued between $500,000 and $1 million, the fee will increase from $100 to $150; and for properties valued at $1 million or more, the fee will go from $150 to $200. Additionally, the fee for appeals involving only property classification will increase from $25 to $75 per parcel, and appeals not related to assessed value or classification will also see an increase from $25 to $75.

The bill also clarifies that no filing fee will be required for appeals contesting the denial of certain deductions, such as those for veterans or senior citizens. Furthermore, it stipulates that county tax administrators are responsible for collecting these fees and ensuring they are accounted for as county revenue, in accordance with existing law. The changes aim to modernize the fee structure and ensure that it reflects current economic conditions.

Statutes affected:
Introduced: 54:3-21.3