Senate Panel Approves Bill To Create Countywide Property Assessment Programs

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TRENTON – Legislation to investigate the potential taxpayer savings through countywide property assessment demonstration programs was advanced Thursday by a Senate panel.

The bill (A-3939) would create a property assessment demonstration program that would be open for participation by up to four counties to demonstrate a more cost-effective and accurate property assessment program to save taxpayers money.

“We need a better system that saves taxpayers money by streamlining and sharing services, while providing relief to towns facing losses from tax appeals,” said Assemblyman Daniel Benson (D-Mercer/Middlesex). ”Protecting taxpayers needs to be our priority, and we need to try new and different ways. This is an approach that offers potential savings, it deserves an opportunity to succeed.”

The bill was released Thursday by the Senate Community and Urban Affairs Committee. It was approved 78-0 by the Assembly in June.

“Any innovation that can save taxpayer money is worth a shot,” said Assemblyman Wayne DeAngelo (D-Mercer/Middlesex). “If this program proves a more sensible and modern assessment system can work, then we can look to expand it statewide and reap the benefits by controlling the most painful tax for New Jersey’s working families.”

Under the bill, each county municipality would use the same property assessment software, and all future revaluations and reassessments will be performed on that system. The system will also be used for other assessment-based functions, such as the development of a compliance plan, maintenance of assessments and the calculation of added assessments.

No state funds will be necessary for the implementation of this demonstration program. The county board of taxation in a demonstration county will absorb the cost through assessment appeal filing fees already collected by the board.

In fact, the county tax board, by resolution, must certify to the Director of the Division of Taxation and to the Director of the Division of Local Government Services that it has sufficient funds available to pay all of the costs associated with the demonstration program.

The bill requires Director of the Division of Taxation and the Director of the Division of Local Government Services to provide to the Governor and to the Legislature, not later than July 1 following the fourth full tax year after the implementation of the demonstration program, a report detailing the successes of the program, any problems experienced under the program and any recommendations for statutory or administrative changes to the current system of real property assessment in the state.

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