The Greater Paterson Chamber of Commerce is hosting a commercial tax appeal seminar to inform commercial property owners of their rights to appeal the assessments of the city’s latest property revaluation which will shift the rateable base from mostly residential to commercial.
The seminar will be hosted at 8:30 a.m. on April 22nd, 2015 at the Hamilton & Ward Steakhouse located at 101 Ward Street.
“With any tax revaluation, the goal is to have all properties assessed at full market value,” said Jamie Dykes, president of the chamber. “Since real estate appraisal is an art and not an exact science and there is room for variation, it is in the best interest of every property owner to independently verify the accuracy of the information they receive concerning their property.”
The chamber will have on hand real estate tax appeal attorney Robert Spiotti of Fairfield-based law firm Spiotti and Esposito. Spiotti will give a presentation on the revaluation while highlighting the steps necessary to file a timely appeal.
Commercial property owners have until May 1st, 2015 to appeal their new assessments.
“One small error can have a large negative monetary consequence,” added Dykes. “People need to engage themselves in this process for their own benefit.”
The seminar is open to both members of the chamber as well as non-members. Admission cost for a member is $20. A non-member’s admission cost is $30.
For more information about the seminar contact the chamber at (973) 881-7300 or [email protected]