Best Tax Lawyers Trenton, NJ

Trenton, NJ Tax FAQs

• Where does the Tax Court hold trial sessions closest to Trenton, New Jersey?

  The Tax Court holds trial sessions closest to Trenton at the Jacob K. Javits Federal Building, which is located at 26 Federal Plaza, New York, NY 10278

• Where is the low-income taxpayer clinic that is closest to Trenton, New Jersey?

  The closest low-income taxpayer clinic to Trenton is the Legal Services of New Jersey (LSNJ) at 100 Metroplex Drive, Suite 101, Edison, NJ 08817.

• Who is responsible for delivering reports on real estate tax exemptions in Trenton?

  The Tax Assessor in Trenton is responsible for delivering reports on real estate tax exemptions in the city by October 1st of each year. This documentation reveals the city's overall amount of real estate tax exemptions for that specific tax year. It includes tax exemptions from diverse categories, like home improvements or the erection of commercial or residential structures, and is directed to the Departments of Community Affairs and Treasury, respectively.

• Who is responsible for establishing property values and reviewing applications for tax exemptions and abatements in Trenton?

  The Division of Assessment in Trenton holds the responsibility of establishing property values and evaluating applications for tax exemptions and abatements within the city. It also maintains current tax maps as public records, recording changes in property ownership and characteristics. To obtain information or seek assistance regarding property tax assessments in Trenton, residents are advised to contact the Assessment Office directly.

• Is the Child Tax Credit available to Trenton residents?

  Yes, residents of Trenton can claim the Child Tax Credit on their New Jersey Resident Income Tax Return (Form NJ-1040) starting from the tax year 2022. This credit permits individuals to lower their tax liability and potentially boost their refunds by up to $500 per dependent child aged five or under. Eligibility requirements include New Jersey residency, a valid identification number issued by the Social Security Administration, or an individual tax identification number.

• If a disabled veteran in Trenton received funds from the U.S. Department of Veterans Affairs to purchase a car, will they have to pay sales tax on the vehicle?

  No, disabled veterans in Trenton who receive funds directly from the U.S. Department of Veterans Affairs (VA) for car purchases are not required to pay sales tax. However, if personal funds are used in addition to VA funds, the out-of-pocket amount is subject to sales tax. The exemption is valid when the VA funds cover the entire purchase price of the vehicle.

• When are taxes due in Trenton, and what happens if they are not paid on time?

  Taxes in Trenton are payable quarterly on the first day of February, May, August, and November. There is a 10-day grace period after which taxes become delinquent. If taxes remain unpaid by the due date, they are subject to interest. The interest rate is 8% per annum for amounts up to $1,500 and 18% for amounts exceeding $1,500. It is essential to pay taxes on time to avoid incurring additional interest charges.