Annual Reassessment Program

Posted: January 11, 2021

Latest Update:

All inspections for the 2021 tax year have been completed. All commercial, exempt and vacant lot properties have been inspected along with residential homes that sold after 10/1/2019 and had deeds recorded through early October 2020.

Associated Appraisal Group has begun mailing letters notifying property owners of their proposed 2021 assessment. Please do not apply the 2020 tax rate to your new value. The aggregate value of total assessments in Vernon will change for the 2021 tax year; therefore, the tax rate will change.

The following letters have been mailed:

  • Residential: 85% mailed as of 1/12/2021
  • Vacant Land: 85% mailed as of 1/12/2021
  • Commercial: 100% mailed as of 1/5/2021

Additional information such as the estimated tax rate, estimated tax impact calculator, and 2020 sales information can be found at the Associated Appraisal Group Inc. website

If you wish to schedule a phone or in-person meeting to discuss your proposed value, instructions on how to do so can be found in your letter.

 

There was a public Zoom meeting presentation on September 21, 2020 at 7:00 p.m. with Associated Appraisal Group and the municipal tax assessor to go over the annual reassessment program and answer any questions the public may have. View the slideshow presentation . View the recording of the presentation.

 

The Sussex County Board of Taxation and the New Jersey Division of Taxation have authorized the Township of Vernon to perform a reassessment for the 2021 tax year as part of the annual reassessment program that has been implemented within the township.

The township has contracted Associated Appraisal Group, Inc. to assist in conducting the reassessment program.

The purpose of the reassessment program is two-fold:

  • Updating assessments each year will ensure that property taxes are accurate, fair and in line with current market trends. There will no longer be steep property tax changes or “tax shifts” that result from long periods of time between revaluations.
  • Maintaining tax assessments at 100% of true market value on a year-to-year basis will help to alleviate burdensome tax appeals that are a drain to the township’s financial stability.

As a requirement of the annual reassessment program, 20% of all properties within the township need to be inspected each year. Associated Appraisal Group, Inc. representatives will carry photo identification and their names will be registered with the police department and the township assessor’s office. Please do not allow anyone to enter your home without proper identification. You will be requested to sign the field form used by the representative to acknowledge when an interior inspection is made. View inspector information 

It is important to note that while only 20% of properties are being inspected each year, all properties in town will be valued. All property owners will be notified by mail of their proposed assessed values and will have an opportunity to question/contest the values.

Any inquiries with respect to the inspection and/or valuation procedure should be directed to Associated Appraisal Group, Inc. at 908.967.6272 or the Vernon Township Tax Assessor’s Office. General information about the reassessment process can be obtained from the Associated Appraisal Group Inc. website. Regular updates on the status of the reassessment will be posted here.