TOWNSHIP OF HOWELL
251 Preventorium Road
Post Office Box 580
Howell, NJ 07731-0580
(732) 938-4500
July 29, 2011
Dear Residents,
The Monmouth County Board of Taxation has ordered a reassessment be undertaken in Howell Township. The municipality has contracted the firm, Realty Appraisal Company of West New York, New Jersey, a firm highly skilled in mass appraisal techniques to assist the municipal Tax Assessor with the reassessment. The reassessment program is designed to provide uniformity and equality in the distribution of the property tax burden based on appraisals at market value. It will reflect the changes in market value which occurred in the Township since the revaluation in 2007. State law requires that all real estate be assessed at current market value which is defined as the price a property would sell for in the open market when the buyer and seller are both acting voluntarily. The program is scheduled to begin within the next couple of weeks.
During the reassessment process, an interior and exterior inspection will be conducted of a sampling of properties. The data collected from these inspections, as well the inspections conducted and data collected since the revaluation will be analyzed. Market transactions will be studied, verified and used to compare your property. The final process is to conclude the current market value for each property. To comply with New Jersey law, all Township properties will be assessed at market value as of October 1, 2011.
For your protection, each authorized representative of the Realty Appraisal Company has been provided with a letter of identification bearing his or her photograph and signature. Township personnel wear Township issued identification badges. The Township and Realty Appraisal Company cautions all property owners to be sure to ask for the appropriate identification. A property owner should not permit anyone who is not able to properly identify him or herself to enter the premises.
Prior to the results of the reassessment being accepted by the Township, a final review of all data and calculations will be completed and the company will mail each property owner a notice advising them of their new assessed value. The notice will also explain how to arrange for an informal review with a representative of the company to discuss the proposed assessment and review your record card.
We cannot estimate what your new tax amount will be without a tax rate. The 2012 tax rate cannot be determined until the new assessments and operating budgets for the county government, schools and municipality are certified. The new assessments will be filed with the County Board of Taxation in January 2012 but the budgets are not completed for several months later. You should not apply the current tax rate to your new assessment in order to calculate your new tax amount; it will not be accurate.
The Township of Howell and Realty Appraisal Company would like to thank the residents of the municipality for their anticipated courtesy and cooperation.
Respectfully,
Helene Schlegel, MS, MPP, CPM
Township Manager
hschlegel@twp.howell.nj.us
John Meeker
Realtor / Associate
626 Highway 9 South
Howell Twp., NJ 07728
732-910-2593
fax 732-780-6205
Professional Credentials
•Licensed NJ Realtor
•Member NAR (National Association of Realtors)
•Member NJAR (NJ Association of Realtors)
•Member Monmouth/Ocean County Board of Realtors - MLS
•Member Weichert Million Dollar Sales Club.
