News & Insights

Tax Abatements: Utilizing New Jersey’s “PILOT” Programs

Attracting commercial, residential and industrial development to areas most in need of redevelopment or rehabilitation is often difficult so municipalities are increasingly utilizing New Jersey’s Tax Abatement Programs, providing for Payments in Lieu of Taxes or “PILOTs” to help with community growth and progress in these areas. Under these PILOT programs, municipalities are authorized to grant developers exemptions from traditional property taxes for a set period of time to encourage them to make improvements to property, or to locate a project in a distressed or “blighted” area. Instead of property taxes, developers make an annual PILOT payment to the municipality. The PILOT payment is typically much less than traditional taxes, and is structured so that the municipality receives more of a benefit than it would from usual property taxes. Not only do these exemptions save a developer in real estate taxes, but they provide an increase in the fair market value of the property as a result of higher net operating income. ...read more

Jeffrey Gradone Receives NJSBA Legislative Award

Archer partner, Jeffrey M. Gradone, received a Legislative Award from the New Jersey State Bar Association (NJSBA) in recognition of the significant contributions and extraordinary commitment he has made on behalf of the NJSBA’s advocacy work and legislative goals. ...read more

Three Archer Attorneys Reappointed to N.J. Supreme Court Committee on Tax Court

Archer attorneys Alex Paul Genato, Jeffrey M. Gradone and William T. Rogers, III have been reappointed to serve as members of the N.J. Supreme Court Committee on Tax Court for its 2020-2022 term, effective September 1. ...read more

Jeffrey Gradone Appointed Co-Chair of NJ-NAIOP Legislative Committee

Archer partner Jeffrey M. Gradone has been appointed Co-Chair of the Legislative Committee of the National Association of Office & Industrial Properties New Jersey Chapter (NJ-NAIOP). Mr. Gradone has served as a member of the Legislative Committee for over 15 years. ...read more

Jeffrey Gradone To Speak at NJBA Property Tax Appeal Seminar

Archer partner Jeffrey M. Gradone will serve as a panelist for the New Jersey Builders Association's Property Tax Appeal Seminar on March 8, 2021. This seminar will address how the pandemic continues to impact real estate throughout the state especially for commercial property with increased vacancies and reduced rental income and how people expect many properties to be over assessed and therefore eligible for a tax appeal and how to file such an appeal. ...read more

Jeffrey Gradone and Alex Paul Genato to Speak at NJSBA Annual Meeting and Convention in Atlantic City

Jeffrey M. Gradone and Alex Paul Genato, Partners at Archer in Princeton, N.J., will be on the faculty for Advanced Topics in Property Taxation, a continuing legal education seminar on Wednesday, May 16, 2018, 9:30 a.m. to 11:00 a.m., in Atlantic City.  The program is presented by the New Jersey State Bar Association and will be taking place at its Annual Meeting and Convention.  The seminar will discuss advanced topics in property taxation and real estate value litigation. ...read more

Jeffrey M. Gradone to Moderate and Speak at "2nd Annual Recent Developments in Corporate Taxation" Seminar

This program is designed to provide valuable updates for all levels of tax practitioners. All the major areas of taxation will be covered including federal, international, state, and indirect taxes. This year will feature a special session on attorney ethics with respect to tax practice. There will also be sessions on tax controversies, transfer pricing and flow-through entities. ...read more