Fillable Form Aa-1 - Added/omitted Petition Of Appeal (Page 3 of 3) in pdf

SUPPORTING PROOF AND PROCEDURES

(continued)

The taxable value of the property as improved is its market value multiplied by the average ratio for your

municipality, except that, if the average ratio exceeds 100% then the taxable value is the same as the property's

market value. The average ratio for your municipality is listed by tax year for every municipality by county at:

If you appeal the value of an Omitted Assessment, you will be required to present evidence on the value of the

property as of October 1 of the pretax year.

Evidence to support a tax assessment revision should include, but not be limited by, the following:

(a) APPRAISALS

1. A party intending to rely on expert testimony must provide to the board a written appraisal report for the tax

administrator and each commissioner and one copy of the report to each opposing party at least seven calendar

days prior to the hearing. If an appraisal is to be used as evidence, the appraiser must be present to testify

to his report.

2. If the municipality intends to rely on its assessor or a representative of a revaluation company as its expert and if

such testimony will involve data and analysis which is not reflected on the property record card, the municipality

must provide to the board for the tax administrator and each commissioner copies of a written report reflecting such

data and analysis and one copy of the report to each opposing party at least seven calendar days prior to the

hearing.

3. The Board, in its discretion and in the interest of justice, may waive the requirements for the submission of written

reports.

4. At the request of the taxpayer-party, the municipality must also provide that party with a copy of the property

record card for the property under appeal at least seven calendar days prior to the hearing.

(b) COMPARABLE SALES

Not more than five comparable sales shall be submitted to the assessor, clerk and county board of taxation, not

later than seven calendar days prior to the hearing if not included with the petition of appeal. The information

regarding each comparable sale shall include the block, lot, sale price and deed date.

NOTE: COMPARABLE SALES OF REAL PROPERTY ARE ACCEPTABLE EVIDENCE OF MARKET VALUE.

COMPARABLE ASSESSMENTS ARE UNACCEPTABLE AS EVIDENCE OF VALUE.

An itemized statement showing the amount and source of all income and expenses with respect to such property for

the most recently completed accounting year and for such additional years as the board may request should be

attached to the petition of appeal in the case of income-producing property.

(d) OTHER DATA

Subject to the board's discretion, you may present other, relevant information concerning the property under appeal,

such as photographs, survey, cost data, etc.

SIGNATURE

The signature of the petitioner or petitioner's attorney is required on the petition.

10. SETTLEMENTS/STIPULATIONS

A settlement agreed upon between petitioner and respondent must be approved by the county board of taxation and

must reflect whether the assessor agrees with the settlement. Proposed stipulations/settlements must be executed

on forms available at the county board of taxation. If the board approves the settlement, it will enter judgment

incorporating the settlement. If it disapproves the settlement, the county board of taxation will notify the parties of the

denial and will schedule a hearing for the appeal.

11. FILING COMPLAINT WITH TAX COURT

The judgment of the county board of taxation may be appealed to the Tax Court of New Jersey by filing a complaint

with the Tax Court Management Office within 45 days from the date of the service of the judgment (date of

mailing). The Tax Court of New Jersey is located at the Richard J. Hughes Complex, 25 Market Street, Trenton,

New Jersey. Mailing address: PO Box 972, Trenton, NJ 08625-0972. Telephone number: (609) 292-5082.

Form Aa-1 - Added/omitted Petition Of Appeal Page 3

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