Assessors determine the full and fair value of each parcel m the municipality at such price as, in their judgment, it would sell for a fair and bona fide sale by private contract as of October 1st of the pre-tax year. The assessment is calculated in relation to the New Jersey State Division of Taxation Director's annual Assessment to Sales Ratio.
Any tax assessment appeal for the current tax year must be filed by April 1st. Blank forms can be obtained at the Ocean County Board of Taxation.
Any tax assessment appeal for an added assessment (improvements made since October 1st pre-tax) must be filed by December 1st. An added assessment is billed in October and is due November 1st. The Tax Assessor's Office sends out an advisory notice in August and September for added assessments. Any questions should be directed to the Tax Assessor.
The Tax Assessor also, among other duties, handles the processing of new deeds, tax assessment appeals, the inspection of all new improvements, and the administration of tax deductions such as Veteran's Property Tax Deductions and Senior Citizen Property Tax Deductions.
To question your assessment, you should first consult the Tax Assessor. To determine if your assessment is fair, you need to have an idea of what your property is worth, based on recent sales of comparable properties.
If you don't know what comparable properties are selling for, ask the Tax Assessor for a list of sales in your area.