Revaluation

Town of Newton

A reassessment of all real estate property in the Town of Newton is being undertaken on an annual basis to ensure uniform and equitable assessments. Appraisal Systems Inc. (ASI) has made a complete analysis of all recent market data in order to accomplish this task and determine the value of all properties as of October 1, 2023. The market analysis of your property has been arrived at in accordance with the rules and regulations mandated by the State of New Jersey.

The aggregate value of total assessments in Newton has increased for the 2024 tax year; therefore, the tax rate will change in a reciprocal manner. For comparative purposes, a tax rate of $2.615 (per $100 of assessed value) has been estimated for 2024 to give property owners a sense of how their property taxes may change based on the new 2024 proposed property assessments. This estimated tax rate does not include any potential budget increases in 2024, and the exact tax rate cannot be computed until the County, School, and Municipal budgets are approved and calculated into the official 2024 tax rate next year.

If you desire, you may speak with an Appraisal Systems Inc. representative to discuss any relevant information regarding your new proposed 2024 assessed value as it relates to the market value of your property. Meetings can be arranged by calling (201) 493-8530 Monday-Friday between the hours of 9:30 A.M. and 4:00 P.M. within 7 business days of receipt of your letter.

If you wish to request a copy of your property record card for your review, please email newton@asinj.com. Please allow up to 72 hours to receive your property record card by email.

Thank you for your continued cooperation during the reassessment process.

2024 - Newton Value Letter (pdf file)
Newton Introductory Letter (pdf file)
Newton Reassessment Presentation (pdf file)
Reassessment Brochure (pdf file)

2024-Newton Tax Impact Study (pdf file)
2024-Newton Tax Worksheet (pdf file)
2024-Newton Tax Worksheet (xlsx file)

Newton Prelim NBHD Map (pdf file)

Newton List of 2022-2023 Sales (xlsx file)

2024 Newton Residential Assessments (xlsx file)

Non Usable Sales Codes and Definitions (pdf file)