The Morris County Board of Taxation has directed the Township of Mendham to undertake a Complete Reassessment Program beginning with the 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 future costly tax appeals. The Township has contracted with Associated Appraisal Group, Inc. to assist in conducting the Reassessment Program.
Associated Appraisal Group Inc. has made a complete analysis of all recent market data in order to accomplish this task and determine the value of all properties as of October 1, 2021. The market analysis of your property has been arrived at in accordance with the rules and regulations mandated by the State of New Jersey.
The aggregate value of total assessments in Mendham Township has increased for the 2022 tax year; therefore, the tax rate will change accordingly. For comparative purposes, a tax rate of $2.105 (per $100 of assessed value) has been estimated for 2022 to give property owners a sense of how their property taxes may increase or decrease based on the new 2022 proposed property assessments. This estimated tax rate does not include any potential budget increases in 2022, and the exact tax rate cannot be computed until the County, School and Municipal budgets are approved and calculated into the official 2022 tax rate next year.
Value letters are being mailed beginning the week of December 27, 2021
If you desire, you may speak with an Associated Appraisal Group, Inc. representative to discuss any relevant information regarding your new 2022 assessed value as it relates to the market value of your property. Please note: due to Covid-19 all meetings will be telephone conferences. Meetings can be arranged by calling (908) 967-6272 Monday-Friday between the hours of 9:30 A.M and 4:00 P.M. Meetings will be conducted up through January 25, 2022 so please call as soon as possible.
If you wish to request a copy of your property record card for your review or present any relevant information regarding your new 2022 assessed value, please email email@example.com. Please allow up to 72 hours to receive your property record card by email.
Thank you for your cooperation during the reassessment process.
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