The Bergen County Board of Taxation and the New Jersey Division of Taxation has authorized the Borough of Maywood to perform a reassessment for the 2024 tax year as part of the reassessment program that has been implemented within the Borough. This program will ensure uniform and equitable assessments throughout the municipality, account for the recent changes in the real estate market and significantly reduce the costly tax appeals experienced in the past. The Borough has contracted Associated Appraisal Group, Inc. to assist in conducting the Reassessment Program.
Regardless of when a property is visited during this program, the new property values will be determined based on their estimated market value as of October 1, 2023 (the statutory date required by law). It is important to note that while only 25% 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 (201) 493-8530.
Thank you for your cooperation during the reassessment process.
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