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Ridgewood outlines reassessment process, vows public outreach and inspection safeguards
Summary
At a March 25 council workshop, Ridgewood officials and hired appraisers explained a county‑ordered reassessment that will revalue properties as of Oct. 1, 2026; the village stressed the process is revenue neutral, announced a public forum March 31, and described inspection, ID and appeal procedures.
Ridgewood officials told residents at a March 25 council workshop that a county order requires the town to update property assessments and outlined how the reassessment will work and how residents can participate.
The reassessment was ordered after officials found Ridgewood’s assessment ratio had fallen to about 60 percent of market value. Deputy mayor introduced Tax Assessor William Palumbo and appraisal contractor Appraisal Systems, which will appraise properties to 100 percent of fair market value as of Oct. 1, 2026; the new values will be used for the 2027 tax year. Palumbo said the village chose a reassessment rather than a full revaluation to use the town’s existing records and save an estimated $400,000.
Appraisal Systems’ project manager, Rob Resha, said a reassessment is intended to be revenue…
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