Paterson, New Jersey Property Tax Law

Find the right Property Tax attorney in Paterson, NJ

Property Tax Lawyers in Paterson

Paterson, New Jersey laws require that most owners of real property pay taxes on its value. "Real property" refers to building and land, and objects (like natural resources) that are permanently adhered to the land.

Paterson, New Jersey determines property taxes simply by taking a percentage of the property's value. Typically, they are paid on a yearly or monthly basis.

In general, the federal government does not impose any property tax. Normally, property tax is imposed by state, county, and municipal governments.

How Property Tax is Calculated in Paterson, New Jersey

Typically, Paterson, New Jersey property taxes are determined as a percentage of the property's value. Tax rates vary widely, but they normally run from less than 1% up to about 5%.

To collect the property tax in a fair and consistent manner, Paterson, New Jersey tax authorities need to have an objective formula for determining the value of land under its jurisdiction.

In some ways, value is a subjective thing. For example, the home in which you grew up is probably worth far more to you than its market value. To get around this, the government uses nothing but objective factors in determining how much a piece of real property is worth.

To that end, the Paterson, New Jersey employees in charge of appraising land look at objective facts to measure value, like the size of the land and any buildings on it, the way in which the land may legally be used (zoning), and the health of the local real estate market.

How A Paterson, New Jersey Property Tax Attorney Can Help.

In Paterson, New Jersey, property taxes can become pretty confusing. Legal disputes can arise in the property tax context, even if there is no wrongdoing, and the dispute arises from an honest misunderstanding. You might have a good reason to suspect that a mistake was made when your property was appraised, resulting in a higher tax bill than you believe you legally owe, for example.

If you encounter a legal issue with your Paterson, New Jersey property taxes, and don't handle it properly, unnecessary inconvenience and expense can result. If you have the help of a skilled tax attorney in Paterson, New Jersey, however, the odds of encountering such a problem will be small.

Talk to a Tax Law Attorney now!

Life in Paterson

Paterson, New Jersey is the county seat of Passaic County. It has a population of about 147,000 people, making it the third largest city in New Jersey.

Paterson, NJ became known as the "silk city" in the late 19th Century, due to its dominance in the silk-production industry. Paterson, NJ became a major center for other industries in the 20th century, thanks in large part to the presence of the Great Falls, a large waterfall on the Passaic River, which provided much of the energy needed for factories and other heavy industries in Paterson, NJ.

Modernly, Great Falls, NJ is part of an Urban Enterprise Zone, which is a designation under New Jersey Law that stimulates economic growth in areas where it's needed, through reduced sales tax, a fast-track process for obtaining business licenses, and financial incentives, such as tax credits, for businesses that hire new workers. Many Paterson, NJ lawyers were involved in drafting these rules, as well as getting portions of Paterson, NJ designated as such.

Paterson is known for being the residence of Paterson, NJ lawyer Edward Masry, who led the lawsuit against PGE, which was dramatized in the film "Erin Brockovich."

There are many other Paterson, NJ lawyers who can help you with whatever legal issue you may be facing. If you believe that you might need legal representation, there's a very good chance that a Paterson, NJ lawyer can help you.

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