The Morris County Board of Taxation has directed the Township of Mendham to undertake a Complete Reassessment Program beginning with tax year 2022 and continuing through 2026. This program will ensure uniform and equitable assessments throughout the municipality, account for recent changes in the real estate market, and significantly reduce costly tax appeals. The Township has contracted with Associated Appraisal Group, Inc. to assist in conducting the Reassessment Program.
Following the 2022 initial assessment, an inspection of the interior of 25% of the Township’s properties must be attempted each year (2023-2026). Regardless of the percentage of properties inspected in this time frame - ALL properties in the municipality will be reassessed each year to assure current market valuations are maintained. This process helps assure that drastic changes in value are avoided over time.
Regardless of when a property is visited during this program, the new property values for the 2025 tax year will be determined based on their estimated market value as of October 1, 2024 (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 based on recent trends determined from a review of sales and rental activity within the past year. 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 continued cooperation during the reassessment process.
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