Mahwah TAX Revaluation --- UPDATE

The township of Mahwah last had it's revaluation over 6 years ago and plans are underway for a new town Revaluation. The plans were originally scheduled for municipal assessments to take place in 2007. The mayor and town council had realized that significant changes were taking place in the Real Estate market so, they applied for and received a 3 one-year extensions. This will bring the revaluation to 2011.

The collection and preliminary field work and assessments will beging during 2009-10. Values will be established in Octover of 2010 for assessments in 2011. Property owners will be notified to inspections via MAIL prior to inspections in each neighborhood in Mahwah.

For more information, see http://www.mahwahtwp.org/Cit-e-Access/webpage.cfm?TID=64&TPID=6805 . There is a neat tax calculator featured on this page as well!

For more information about buying or selling your largest financial asset, contact me at 201.675.1618 or email CupaT@aol.com .

Posted Wednesday Apr 22

( 04/24/09 02:12PM ) — Michael Del Greco

Each town has to get x dollars in taxes each year to pay their bills. The towns take the total value of the property in the town and divided it up among the value of all the homes in town. All the reval does is realocate the formula. In a perfect world a reval is a good thing as it should make taxes more fair as market condtions change.

( 04/27/09 06:08AM ) — Pamela STETSON

Thanks for reading and for your comments. Yes, it may be a good thing indeed.