Property Tax Revaluation in New Jersey
Maximize Tax Savings
Every 5 years townships in New Jersey go through a property assessment revaluation to equalize inequities caused by the market and estimate the current fair market value.
2022 is a partial revaluation year for 5 townships. This, by design, ensures that all classes of property owners are paying their fair share of the tax burden.
For property holders, revaluation is important as it is directly linked with their ability to pay taxes and future taxation is done based on this assessment. If their property is assessed to have more value than the previous one, property owners are at risk of increase property tax bills. In New Jersey, notices of value are generally issued in January of the revaluation year. After you get the notice there is usually a short time period to review the assessment with the revaluation company before they finalize your property value.
The deadline to file an appeal is May 1st, 2022
Paul Shoup
Market Leader - New Jersey
202-888-1172 | Email Paul
Counties Impacted by this Deadline
- Andover
- Ashford
- Beacon Falls
- Bridgewater
- Brookfield
- Colchester
- Columbia
- Cornwall
- East Haven
- East Lyme
- Easton
- Enfield
- Griswold
- Groton
- Hartford
- Hebron
- Killingworth
- Lisbon
- Manchester
- Meriden
- Middlebury
- Middlefield
- Milford
- Montville
- New Haven
- Plainville
- Plymouth
- Salem
- Shelton
- Thomaston
- Vernon
- Westbrook
- West Hartford
- Wolcott
- Woodstock
Tax Values in New Jersey are expected to rise at least 10 percent in the year 2022.
Do not risk an increase in your property’s value or a delayed appeal in 2022. Paradigm Tax Group has an experienced team that can help you navigate the revaluation process before the actual assessment is issued by reviewing the existing properties and their market values.
Consult with Our Experts
We encourage our customers to consult with our experts before assessment notices are issued given the small window of time to file an appeal. Paradigm will work with you to help revalue the entirety of your affected portfolio by submitting an appeal and by providing evidence to ensure that an error has been occurred by the assessors of the property. Our expert tax consultants are put their extensive experience and resources to work on your behalf to make sure your property taxes don’t increase in 2022 as the result of a revaluation.
Paul Shoup
Market Leader - New Jersey
Meet Your Local Market Leader
With over 21 years of experience with national real estate appraisal, valuation, and accounting and consulting firms providing real estate valuation, appraisal, consulting, and ad valorem property tax management for national and regional portfolios including REITs, corporations, manufacturers, retailers, private equity and institutional investors our New Jersey Market Leader is ready to handle all of your revaluation needs. We will provide you with a complimentary revaluation consultation where you can discuss the best strategy to ensure that your values do not increase.