notice to all Monmouth County taxpayers concerning their property assessment.
In 2013 the Assessment Demonstration
Program, (P.L. 2013, c. 15) was signed into law for New Jersey. Monmouth County
began implementation of this new program in 2014. The Assessors of 45 Monmouth
County municipalities are participating in performing “annual reassessments”
with the intent of increasing the accuracy of each individual assessment
thereby making the system more transparent and reducing the costs associated
with the appeal of inaccurate assessments.
While there are several components of the
Assessment Demonstration Program, the overarching goal is to annually provide
more accurate and uniform property assessments for fairer distribution of the
annual property tax levy.
Frequently Asked Questions
Assessment Demonstration Program Documents:
Original 2013 Program Summary
Legislation PL 2013 Ch 15
New Material Depreciation Law for ADP
New Legislation: S2029 Technology Based Real Property Assessment Transition Act