Livingston, NJ -- David B. Wolfe, Esq., Skoloff & Wolfe P.C. was recently highlighted in an article published in NJBIZ , which examined the potential impact of municipal wide revaluations in Newark and Jersey City on commercial properties. The article, “Concerns raised about property tax revaluations - Appeals could spike in Newark and Jersey City on commercial parcels,”discussed how the revaluations in two of the state’s largest cities may derail the recent effort to “breathe new economic life into New Jersey’s urban hubs. Mr. Wolfe explained in the article that “[r]evaluations often shift the property tax burden to commercial users.” The article explains that “[t]he full impact of the revaluations will not be clear until each city crafts a budget that reflects the new assessments — that could mean late this summer or early fall in Newark, and a year from then in Jersey City.” As a result, “the two cities may be in store for a spike in commercial property tax appeals.” Mr. Wolfe explained that the revaluations serve a “laudable goal” from the “town’s perspective,” but that the impact can be significantly detrimental to commercial property owners. To read the article in its entirety, please go to: http://www.njbiz.com/apps/pbcs.dll/article?AID=/20130429/NJBIZ01/304269998/
David Wolfe is a Partner in the Skoloff & Wolfe’s real property valuation and litigation departments. He represents commercial entities in real property tax appeals and corporate and individual clients in complex civil litigation. Mr. Wolfe has successfully handled real property tax appeals for all types of commercial and residential properties, including office buildings, hotels, apartment buildings, big box retailers, super markets, industrial properties, and single family residences. He has been featured or quoted in a wide variety of local and national publications, includingThe Star-Ledger, Forbes.com, Marketwatch.com, GlobeSt.com, NJBIZ, The Washington Post, WSJ.com, Law.com, New York Law Journal, and New Jersey Law Journal.
Skoloff & Wolfe, P.C. is a New Jersey law firm focusing on Family Law, Real Estate Valuation Litigation (Property Tax and Eminent Domain), and Complex Civil Litigation .