When property is assessed, 'fight city hall and win'

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					                                                                                                                                                                          Balancing care, costs
          THIS        WEEK

Biz Around the State
Page 2                                                                                                                                                                          while small businesses stand
                                                                                                                                                                                to benefit, insurance agencies
Trenton
                                                                                                                                                                               and health officials oppose the
                                                                                                                                                                              government’s public option. Page 19

                                                                                                                                           ®                                         Health Care Spotlight
                                                                                                                                                 $2.00                 SEPTEMBER 21, 2009                     www.njbiz.com




The state’s Chamber of Commerce,
along with health care lobbyists, are
                                                               At office, swine flu is When property is
                                                               nothing to sneeze at assessed, ‘fight
meeting with other states and working
on the national stage in order to shape
medical insurance reform.
Page 8




                                                                                                                                                 city hall and win’
Real Estate



                                                                                                                                                 Advisers review valuations early to thwart overbillings
                                                                                                                                                        By Martin C. Daks                 city hall and win.”
                                                                                                                                                 CoMMerCiAL ProPerTy tax                        new Jersey’s property taxes are
                                              Jupiter Images




                                                                                                                                                 assessments will be mailed out in        consistently ranked among the high-
A top real estate executive is using the                                                                                                         February 2010, and many business         est in the nation, and Kahn said more
LEED-accredited professional designa-
                                                                                                                                                 owners and other individuals could       people are grousing about the issue.
tion to sharpen his firm’s competitive
                                                                                                                                                 be overbilled — but starting next              “with the slow economy and the
edge during a real estate slump.
Page 10                                                                                                                                          month, taxpayers can take steps to       drop in the real estate market, many
                                                                                                                                                 reduce the 2010 burden.                  properties may be overvalued for tax
Finance                                                                                                                                               “everyone knows they have to        purposes, especially if a municipality
                                                                                                                                                 pay real estate taxes, but many don’t    hasn’t done a revaluation in some
                                                                                                                                                 realize that they may be able to exer-   time,” he said. “Factors like recent
                                                                                                                                                 cise some control over the amount        comparable sales, or a reduced reve-
                                                                                                                                                 by appealing their assessment,” said     nue stream [from a property owner’s
                                                                                                                                                 Roger M. Kahn, a former state tax        tenants] may enable a taxpayer or his
                                                                                                                                                 court judge who is now of counsel        representative to succeed in getting a
                                                                                                                                                 to the Livingston law firm Schneck       lower valuation.”
                                                                                                                                                 Holtzman LLC. “Taxpayers should                even though taxpayers will
Accountants offering broad services are                                                                                                          realize that they may be able to fight        ➤➤   See ASSESS on page 13
becoming legal targets for at-risk clients.


                                                                                                                                                 Businesses build bridges
Page 12

Economic Heartbeat
Page 14

Marketing Tips
Page 15                                                                                                                                          to peace in mentorships
Opinion                                                                                                                                          Female N.J. exec shares insight with Afghan counterpart
Page 16
                                                                                                                                                     By JoÃo-Pierre s. rutH               enlightening for her and her protégé.
                                                               But a legal checkup could forestall lawsuits, lawyers say
Scene                
				
DOCUMENT INFO
Description: "Everyone knows they have to pay real estate taxes, but many don't realize that they may be able to exercise some control over the amount by appealing their assessment," said Roger M. Kahn, a former state tax court judge who is now of counsel to the Livingston law firm Schneck Holtzman LLC. "In one case we handled, a client in a suburban New Jersey location had a 50,000 square-foot industrial building that was being valued at about $140 per square foot for property tax purposes," Kahn said.
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