Skip to main content
***THE PHOENIX HOUSE IS NOW CLOSED FOR RENOVATIONS ***ALL OFFICES AND DROP BOX ARE NOW LOCATED AT THE BOWERS BUILDING 6 W. MAIN***PAPERLESS SEWER E-BILLS NOW AVAILABLE! SIGN-UP TODAY!     
***THE PHOENIX HOUSE IS NOW CLOSED FOR RENOVATIONS ***ALL OFFICES AND DROP BOX ARE NOW LOCATED AT THE BOWERS BUILDING 6 W. MAIN***PAPERLESS SEWER E-BILLS NOW AVAILABLE! SIGN-UP TODAY!     

Mendham Borough Seal BOROUGH OF MENDHAM
973-543-7152 • 2 West Main Street • Mendham, NJ 07945

News & Announcements

Homeowner’s Property Tax Guide

Release Date: October 25, 2018

New Jersey Society of Certified Public Accountants, New Jersey Realtors and the Association of Municipal Assessors of  New Jersey

Publish Homeowner’s Property Tax Guide

 

ROSELAND, N.J. – In an effort to address questions that New Jersey homeowners have over how their property taxes are allocated and what’s at work when they pay their tax bill, the New Jersey Society of Certified Public Accountants (NJCPA) partnered with New Jersey Realtors and the Association of Municipal Assessors of New Jersey to publish the “New Jersey Homeowner’s Guide to Property Taxes.”

The guide provides a basic understanding of what’s in a property tax bill, how the process works from property assessment to fund disbursement, what comprises property tax rates and how billing works by quarter.

“It can be frustrating to homeowners to not understand how their property tax rate is set, what property taxes pay for and how much is allocated towards funding schools versus the rest of one’s town,” said Ralph Albert Thomas, CPA (DC), CGMA, CEO and executive director of NJCPA. “The guide is needed for many reasons but particularly as New Jersey has the highest property tax rates in the nation.”

Quote from Jarrod C. Grasso, RCE, CEO, New Jersey Realtors.

 

“Homeowners need to understand home value assessment and property taxes to be able to make informed decisions about their properties and towns. This guide is a great resource with answers to everyday questions,” said Diane Hesley, CTA, president of the Association of Municipal Assessors of New Jersey.

The 16-page guide is available here.

Resources for journalists:

  • Cover graphic: [add download link]
  • Infographic about allocation of property tax dollars in New Jersey: [add download link]
  • Interview requests: Contact Rachael Bell at rbell@njcpa.org or 973-226-4494

 

The New Jersey Society of Certified Public Accountants, with more than 15,000 members, represents the interests of the accounting profession and advances the financial well-being of the people of New Jersey. The NJCPA plays a leadership role in supporting the profession by providing members with educational resources, access to shared knowledge and a continuing effort to create and expand professional opportunities. njcpa.org

New Jersey Realtors, the voice of real estate for New Jersey for more than 100 years, is a nonprofit organization serving the professional needs of more than 53,000 Realtor and Realtor-Associate members engaged in all facets of the real estate business. In addition to serving the professional needs of its members, NJ Realtors is dedicated to enhancing the ability of its members to conduct their business successfully while maintaining the preservation of private property rights. Realtor is a registered collective membership mark, which may be used only by real estate professionals who subscribe to the Realtor organization's strict Code of Ethics and are members of the national, state and local Realtor organizations. njrealtor.com

The Association of Municipal Assessors of New Jersey was established to educate those in the field of assessment and inform the public about the assessment profession. The association engages in research and training, promotes fellowship among peers, and cooperates with other public and private agencies. amanj.org