On August 17 Governor Murphy signed into law A-538/S2257, which permits a county governing body, with the approval of the county board of taxation, to revise the real property assessment calendar. Effective immediately, P.L. 2018, c. 94 permits a county governing body to adopt the revised real property assessment calendar that is used in the Real Property Assessment Demonstration Program. Adoption of the revised calendar does not require participation or adoption of the Real Property Assessment Demonstration Program. Currently, Monmouth and Gloucester counties are using the revised calendar.
If the county adopts the revised assessment calendar, it will be implemented on October 1. The change in the calendar is permanent and the county is prohibited from adopting any other real property assessment calendar. For more on P.L. 2018, c.94, please see our recent blog post.
Contact: Lori Buckelew, Senior Legislative Analyst, firstname.lastname@example.org, 609-695-3481, x112.