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Big Changes For Monmouth Property Tax Assessments

July 30, 2013 | No Comments
Posted by Justin McCarthy

Big changes are quickly approaching for every single property owner in Monmouth County. Earlier this year, Governor Christie signed into law Senate Bill-1213 and Assembly-1591 (the “Act”) which taken together creates an “Assessment Demonstration Program” that will substantially change the property tax assessment and appeal process in New Jersey. The program modifies the timing of the appeal season and filing requirements so that assessment disputes are more likely to be settled prior to the filing of the final assessment list with the County Board of Taxation. The law proposed a ‘trial’ period for participating counties to allow for an alternative approach to the traditional assessment and appeal system practiced throughout the state. The goals of the Act are to achieve a more cost-effective and accurate property tax administration process. Monmouth County will be the first county to implement the Assessment Demonstration Program starting this year, 2013, to be effective for the 2014 tax year. By all accounts, Monmouth County is the standard bearer for the implementation of the new pilot program. READ MORE

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