On behalf of the New Jersey Business & Industry Association (NJBIA), we would like to express our SUPPORT for Senate Bill 2212 (Singer). This legislation limits property tax appeals to the owners of the properties themselves. The bill, S-2212, would prevent property taxpayers from challenging the assessments of nonprofit organizations in their county, and provides much needed protections from arbitrary challenges to their tax exempt status.
Organizations such as charities, hospitals, educational institutions and other non-profit organizations operate within very tight budgetary margins, and an event like losing a tax appeal could mean the difference between staying open or closing down their operations. This legislation would stop third-party appeals that can be costly and create economic uncertainty for organizations that our communities embrace and depend on.
The bill preserves the ability of local government to challenge the assessments or tax exempt status of any property within their jurisdiction and does not prevent individuals from filing appeals concerning their own property.
For these reasons we urge you to vote “YES” on S-2212. Thank you for your consideration.