Nutley Township offers guidance to residents on understanding prelim property revaluation letters

Many Nutley residents received correspondence in mid-December containing preliminary figures from the townshipwide property revaluation.

The letters were sent by Appraisal Systems Inc., the firm contracted by the township to determine the values of all Nutley properties as of Oct. 1, 2022, as mandated by the state of New Jersey.

“At first glance, there is certainly going to be sticker shock over the assessments,”

Commissioner Thomas J. Evans, director of the Department of Revenue and Finance, said in a press release from the township. “While this is understandable, it’s not the reality.”

A common mistake among residents is applying the 2022 tax rate to their new assessment, according to Evans.

“To estimate their new property tax,” Evans said, “residents can use the tentative tax rate of 2.506 percent, which is much lower than the 2022 tax rate of 3.864 percent. Simply divide your new assessment by 100, then multiply it times 2.506. That equation will give you your preliminary new property tax before any budgetary adjustments for 2023.”

Evans stressed that these numbers are preliminary and that they can change once the new township budgetary process is completed.

Evans suggested that concerned homeowners should be sure to get a copy of their property record card and confirm that it is correct. A copy can be requested by emailing nutley@asinj.com. Additionally, residents can contact ASI at asinj.com/scheduling.htm; they will need to use the login information included with their letter.

Residents who are part of the state’s Senior Freeze Program should ensure they file on time to protect their base year. An increase in taxes from the new assessment will be refunded by the state as long as they file on time.

“We are here to help residents understand the process. I encourage those with questions to contact Edmund Brown, the township’s tax assessor, at ebrown@nutleynj.org,” Evans said.

For more information about the revaluation process, visit ASI’s website at asinj.com.