A reassessment of all real estate property in the Borough of Palisades Park is now being undertaken on an annual basis to ensure uniform and equitable assessments. Associated Appraisal Group (AAG) 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, 2022. 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 Palisades Park has increased for the 2023 tax year; therefore, the tax rate will change accordingly. For comparative purposes, a tax rate of $1.431 (per $100 of assessed value) has been estimated for 2023 to give property owners a sense of how their property taxes may increase or decrease based on the new 2023 proposed property assessments. This estimated tax rate does not include any potential budget increases in 2023, and the exact tax rate cannot be computed until the County, School and Municipal budgets are approved and calculated into the official 2023 tax rate next year.
If you desire, you may speak with an Associated Appraisal Group, Inc. representative to discuss any relevant information regarding your new 2023 assessed value as it relates to the market value of your property. Meetings can be arranged by calling (201) 493-8530 Monday-Friday between the hours of 9:30 A.M and 4:00 P.M.
If you wish to request a copy of your property record card for your review, 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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