Revaluation Overdue In East Brunswick. What To Expect

EAST BRUNSWICK, NJ — The township is facing a long-overdue property revaluation, which will adjust property tax assessments to reflect market value.

During Monday’s council meeting, Mayor Brad Cohen informed the community about the impending revaluation, saying it has been ordered for the township, from the state and county.

The revaluation process, which could take a year to two years, is necessary and will impact local property tax rates.

“If you look at your taxes, your assessed value is somewhere in the neighborhood of 18 percent of the real value of the house. In a revaluation, it just gets adjusted so that it reflects 100 percent of the real value, and then the rate gets adjusted down, assuming there's no change in the value of your house,” Cohen explained.

Currently there are only two companies in New Jersey that do revaluation. One of them does not travel as far as East Brunswick, leaving the township with just one choice, Cohen said.

In the Fall of 2024, East Brunswick asked the company to give them an estimate and are waiting for a response. The council will have to approve funds for the company to undertake the revaluation work.

The timeframe to complete the revaluation would be a year or two, and then it gets put on the tax bill. Residents should expect a change in their property taxes in that time.

The NJ Constitution requires all real property must be assessed for taxation purposes at the same standard of value. The legislature has made that standard the true value or the full value and fair value of the property.

The revaluation program seeks to spread the tax burden equitably within a municipality.

Click here to read more about New Jersey’s revaluation process.

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