What is the consequence of missing the property tax appeal deadline in New Jersey?

Missing the property tax appeal deadline in New Jersey results in the loss of the right to appeal the property assessment for that year. New Jersey law establishes strict timelines for filing tax appeals, and if an applicant does not submit the appeal by the specified deadline, they forfeit their opportunity to challenge their property tax assessment until the following tax year. This ensures that the tax assessment process remains orderly and timely, allowing municipalities to finalize their tax rolls and budget accordingly.

The other options, such as an increased tax rate or immediate tax payment, do not directly relate to the appeal process. Similarly, a re-assessment of properties typically occurs on a scheduled basis rather than as a consequence of missing an appeal deadline. Thus, the correct answer highlights the critical importance of adhering to deadlines for those wishing to contest their property assessments.