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Northvale tax assessor outlines mandatory 2026 property reassessment, urges public outreach
Summary
Tax assessor Rob Brescher told the mayor and council that Northvale will undergo a state- and county-ordered reassessment (revaluation) with values set to 100% fair market value as of Oct. 1, 2025; property owners will receive preliminary notices in November and may meet with the appraisal company during a review window.
Rob Brescher, Northvale tax assessor, told the borough council that an outside appraisal firm will inspect and value every property in town and that the new assessments will be set at 100% of fair market value as of Oct. 1, 2025.
Brescher said the county and state ordered the reassessment because the town’s current assessments are no longer uniform: “Our ratio going into this year is 68%,” he said, meaning assessments on average were about 68% of recent sale prices. He described a common effect of reassessments: if the town’s net taxable value doubles, the tax rate would fall by the same factor so the borough as a whole collects the same total revenue, but individual property bills can rise or fall depending on how each property’s change compares with the…
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