REASSESSMENT UPDATE 1/10/2024:
The 2024 tax book is expected to close in mid-February. All property inspections have been completed by the appraisal company. Notification letters will be sent to all ratable property owners on 1/12/2024 showing their new assessment with an estimate of taxes. An estimated tax rate will be calculated for this purpose based on the known 2023 tax levy (takes the tax revenue raised from 2023 and divides it into the new projected ratable base). The notification letters will be mailed by Appraisal Systems in a Town of Newton envelope. Property owners will be given an opportunity to discuss the new proposed assessed value with Appraisal Systems before the Tax Book is finalized. Details will be provided in the letter on how to contact Appraisal Systems regarding assessment reviews. Any necessary follow-up inspections will be conducted during the 3-week review period thru the 1st week in February.
After the Tax Book is finalized, the customary Green Postcards will be mailed shortly afterward. These cards will show the new final assessment on the front and include appeal instructions on the back. Anyone seeking to file an appeal of their new assessment will have to May 1st to do so.
Further information about the Reassessment can be found thru Appraisal Systems website at asinj.com (click the link for Revaluations and navigate to the Town of Newton page).
ASI can also be reached at (201) 493 - 8530