Letter: Township Offers Tax Relief Guidance for Property Depreciated by Sandy
A Material Damage Statement, which is attached to this story, must be submitted by Thursday, Jan. 10
Dear Property Owner, If Hurricane Sandy has destroyed or altered your commercial or residential building or structure so as to materially depreciate its value, real estate tax relief may be available to you. Pursuant to N.J.S.A. 54:4-35.1, you can request, in writing, that the Township Tax Assessor perform a reassessment of your property for damage suffered. Your written request must be submitted by Thursday, Jan. 10. A reassessment of your property (again, only your structure or building) will be performed thereafter by the Assessor, who will assess the damage to your property on the date of inspection. In the event the Assessor finds your property's value has materially depreciated, your assessment will be adjusted. Please note that any …
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