Eminent Domain & Real Estate Tax In NJ – Is It Always For Public Interest?
Join 1000's of Authors at StreetArticles Today!

New Jersey as a state has the provisions to seize your property if you don't even agree to do so. Yes it is a fact, despite being bitter, that the NJ government has the very right to take a private property in order to use it for public use. Well, if you have any idea that this thing happens only with the third world county then you are entirely wrong because it actually happens in United States. This entire process that the government uses for taking somebody’s property is known as eminent domain. However; the good thing is that according to the NJ real estate laws, this doesn't happen with every house or private property owner.

People have huge interests in eminent domain. What is it actually? Well, in a short answer, it can be described as a process through which the New Jersey government seizes a private real estate property for public benefit or access of common people who do not belong to the property. However, the good thing is that the government also pays a fair compensation for the property, as per its market value. Fair market value is actually the highest price that can be availed for a particular property. Therefore, you do not have to feel cheated in anyway because the government will pay you the best in return of the property that it will take from you. However; the question that arises is, what happens when you do not want to sell the estate at any cost, despite getting a good price for it?

If you really want to keep your real estate property in New Jersey, it is then inevitable to pay your property tax at the proper time. You should not follow any short cut methods to save or cut on taxes. If the government finds out anything wrong with your tax payment procedure, they will then immediately seize it. Hence, in order to deal with this, you will need to understand the eminent domain & real estate tax in NJ. This will help you to find out a solution. Most of the people are aware with the fact that the NJ government can seize property for public interests like for building highways, schools, or other important structures. However; the fact that is unknown to most people is that the government can seize the land for their private use as well. They just need to prove that they are doing it because of public good.

Eminent domain has become a crucial problem as people are being forced to leave their lands, so the promoters can build expensive buildings, office place or condos on the land. They will pay more property taxes to the government, so they get help from government. It is high time to stop the issues related to eminent domain & real estate Tax in NJ and if you want to avoid or save yourself from a similar problem tat you are facing, it is always advisable to hire a good real estate lawyer who deals in the matter and has a good track record to prove his or her worth.

For further details visit NJ Eminent Domain Lawyer or wants an appointment contact NJ Property Tax Appeal Attorney here: 136 South Street, Morristown, NJ 07960

Phone: 973-539-8900


Street Talk

No comments present
You May Also Like
A Growing Significance Of Technology In the Modern Everyday Life
As few stated, that know-how has designed living more at ease in the actual scenario; instead technology contains a vital factor in shaping the modern world to cause it to comfortable for many people human creatures. It just isn't a event of now but remember that it is a consistent…
By: faiqa in  Legal  >  Real Estate Law   May 30, 2016  
0
  Likes: 0

Property Survey Frisco Tx: Reasons for A Topographic Survey
A property survey Frisco TX determines the size and boundaries of a parcel of land. A surveyor or engineer may also perform a topographic survey (sometimes shortened to "topo survey") for the purpose of finding natural and synthetic land features. Home owners, business owners and people in charge of industrial…
By: Michelle J. Caples in  Legal  >  Real Estate Law   Mar 07, 2016  
0
  Likes: 0

Real Estate Legal Services Blackburn
A company has many assets that will be used for the daily activities and each of them is important. The building where you keep the centre of operations, the vehicles that are used for transport, the lands you use in your activity and all the others play a key role…
By: aby in  Legal  >  Real Estate Law   Feb 11, 2016  
0
  Likes: 0

Things to Look for Before Hiring Real Estate Attorney Boca Raton!
Investing in property can be a wise decision but it is surely a tricky one. The decisions and financial processes involve a lot of risks. You will need to have the right expertise to hire some Boca Raton real estate attorney before you do all of these purchases. Such professional…
By: Arnold Richard in  Legal  >  Real Estate Law   Apr 15, 2014  
0
  Likes: 0

Duties Of A Real Estate Attorney Boca Raton
Fortunately, one can appoint the services of Miami Real Estate Attorney to carry out the deals on our behalf. A Boca Raton Real Estate Attorney helps in getting the real estate dealings cleared without any hassles. They assist their clients throughout the process from drafting credentials until the contract is…
By: Arnold Richard in  Legal  >  Real Estate Law   May 28, 2014  
0
  Likes: 0

Bergen County Real Estate Attorney - Tips to Find the Best
Whether it is a critical legal case that you are facing trial of or just want to get assisted on a particular real estate dealing, you will always need a lawyer or attorney by your side. Hence, if you are planning to opt for some real estate property dealing but…
By:  in  Legal  >  Real Estate Law   Jan 19, 2015  
0
  Likes: 0

How to Find Out Whether You Need the Services Of A Law Firm?
A time comes in everyone’s life when they feel the need for a good professional law firm. It doesn’t matter whether you are a regular individual or own a business, but you can feel the need of a good lawyer in the legal matters. Below given are few factors that…
By: Jack oram in  Legal  >  Real Estate Law   Jan 17, 2014  
0
  Likes: 0

The Nature Of Assessment for Eminent domain & real estate tax in nj
Before buying a property in New Jersey, it is important that you inform yourself about the nature of the property taxes within its boundaries. There are lots of things to consider before buying a new property in New Jersey, but the taxes that you would have to pay would be…
By:  in  Legal  >  Real Estate Law   Jan 26, 2015  
0
  Likes: 0

Eminent Domain & Real Estate Tax In NJ - What Should You Know
Are you interested in selling a property in New Jersey? Well, actually this is a profitable deal because by selling your property, you will be able to earn huge amount of money. However, the process is not easy as it involves lots of complicated steps to be followed. The complications…
By:  in  Legal  >  Real Estate Law   Jan 07, 2015  
0
  Likes: 0

Commercial Real Estate – The Law
Commercial land or real estate means any property from which income can be generated. It is a form of estate that brings in profit or if it is given on a rental basis then profit comes in terms of rent. Hence; commercial real estate includes offices, industrial area, restaurant, hotels…
By:  in  Legal  >  Real Estate Law   Feb 12, 2015  
0
  Likes: 1

New Jersey Business Law - Laws You Need to Know
While launching your own business and conducting it is a very good and lucrative idea, there are certain things that every would-be entrepreneur must be aware of before dicing out their business plans and taking those further to accomplish set up. New Jersey as a state is pretty strict to…
By:  in  Legal  >  Real Estate Law   Jan 15, 2015  
0
  Likes: 0

How To Handle Mortgage Repossession
People who suffer mortgage repossession are prone to migraines and panic attacks. Imagine having to face the world without a home to provide comfort, security, and shelter. If you’re facing this kind of situation, then you need to find a way out as quickly as possible. You might be wondering,…
By: Esha Hills in  Legal  >  Real Estate Law   Mar 25, 2013  
0
  Likes: 0

Eminent Domain & Real Estate Tax In Nj - The Need for Such Real Estate Law In New Jersey
A person works hard throughout his entire life in order to gather assets, so that he or she can build a better and safer future for himself and his family. Such assets can be anything, like his or her real estate properties, cash, car, rental properties, retirement accounts and the…
By:  in  Legal  >  Real Estate Law   Dec 30, 2014  
0
  Likes: 0

Bergen County Real Estate Law - Should You Pay Heed?
Real estate dealings and legal procedures associated with real estate dealings are some of the most undermined legal dealings and people generally do not pay much heed to the legal matters that remain associated with real estate dealings. However; that should never be the case in reality, as there are…
By:  in  Legal  >  Real Estate Law   Jan 22, 2015  
0
  Likes: 0

Eminent Domain & Real Estate Tax In NJ – Remove Your Confusions
Being a land owner is not always enough to make the owner hold on to his or her property till the last breath. After all, who doesn’t want to take care of his property? People generally do not sell their real estate properties to anyone, unless its necessary or he…
By:  in  Legal  >  Real Estate Law   Jan 19, 2015  
0
  Likes: 0

Article Views: 860    Report this Article