Concerns appeals of assessed valuation of real property of $1,000,000 or more.

This bill amends New Jersey's property tax appeal process for real estate valued at $1 million or more. It requires that if a taxpayer or taxing district files a complaint directly with the State Tax Court for such high-value property, the county board of taxation must dismiss any parallel appeal for the same property without prejudice. This prevents duplicate legal proceedings in both county and state courts. The change applies to all properties over $1 million, including those in counties with special assessment programs, but does not affect appeals based on certain tax exemption agreements under the Long Term Tax Exemption Law.