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1. What is assessed value?

The Assessor assigns a value to each property for tax purposes based upon its market value. Market value is defined as the highest price a property can be sold for on the open market as of October 1 of the pretax year.

2. How is my assessed value determined?

Your market value or assessed value is determined:

• The cost to reproduce the structure new, minus depreciation (any loss in value due to economic conditions, aging conditions, etc.), plus land value.
• The value of the property in comparison to similar properties that have sold.
• The value of the rental on income producing properties.

3. What other factors affect my assessment?

• Accessory buildings (sheds, cabanas, detached garages)
• Age of Structure
• Basement area (finished or unfinished)/Age
• Condition
• Decks
• In-ground pool
• Living Area of structure/Number of baths/Type of heat
• Location
• Size of the lot

4. What home improvements or property improvements will raise my assessment?

Any improvement or addition to your home or property could raise its assessed value. If you are considering an improvement or addition, you should contact the Tax Assessor's to determine whether it will affect your assessment. Cosmetic improvements such as painting will not affect your assessment.

5. What if I don't agree with my assessment?

You must file an appeal by April first with the Middlesex County Board of Taxation. To file an appeal, all taxes must be paid in full up to and including the first quarter of the current tax year.