Each of the three property tax deduction groups listed below have specific criteria which must be met for eligibility. Applications for each group with appropriate eligibility criteria are available in the Assessor's Office:
ANNUAL REASSESSMENT PROGRAM
Bernardsville Borough has been actively engaged in an annual state approved reassessment program since 1992. The program has financial advantages, as well as, creating a more equitable tax base. This program provides the capability to address fluctuating market trends whether upward or downward which has resulted in fewer appeals and reduced loss in ratables. Additionally, the apportioned county share of each municipality toward county taxes to be raised is more equitably distributed. Sales studies, analysis, investigation, and reviews are conducted annually with values being established reflecting the market as of October 1 the pretax year. An important part of this program is the field inspection of every property, which provides for updating of property data allowing for an equitable assessment base for every property owner.
When purchasing a new home, it would be advisable to check with the assessor's office to find out whether or not an annual program is conducted in that district. If the home is new construction, contacting the assessor's office for an estimate or a formula for an estimate of taxes is advisable.
TAX APPEAL PETITION FORM
