Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago,

User Stats

47
Posts
7
Votes
Vidyadhar R.
  • Investor
  • Trenton, NJ
7
Votes |
47
Posts

can taxes be waived off or reduced?

Vidyadhar R.
  • Investor
  • Trenton, NJ
Posted

Dear members, I'm looking at a commercial property in central NJ which has been vacant for a while. The taxes are currently $10k/yr for 1500sft. The agent advised that I ask an attorney to file a request w/ town to waive off the taxes or reassess to reduce them because they're exorbitant. Is this possible? Does it actually work? Considering the property has been vacant for more than a year the advice makes sense but I'm not sure how practical it is to accomplish reducing taxes. If anyone has addressed such a situation, kindly advise so I can perform due diligence using right assumptions. TIA

Loading replies...