Revaluation

Boro of Mountain Lakes

The Morris County Board of Taxation and the New Jersey Division of Taxation has authorized the Borough of Mountain Lakes to perform a reassessment program for the 2025 tax year as part of the annual reassessment program that has been implemented within the Borough. This program will ensure uniform and equitable assessments throughout the municipality, account for the recent changes in the real estate market and significantly reduce the costly tax appeals experienced in the past. The Borough has contracted Appraisal Systems, Inc. to assist in conducting the Reassessment Program.

As a requirement of the annual reassessment program, an inspection of the interior of 25% of all properties within the Borough need to be inspected each year.

Regardless of when a property is visited during this program, the new property values will be determined based on their estimated market value as of October 1, 2024 (the statutory date required by law). It is important to note that while only 25% of properties are being inspected each year; all properties in town will be valued based on recent trends determined from a review of sales and rental activity within the past year. All property owners will be notified by mail of their proposed assessed values and will have an opportunity to question/contest the values.

Mountain Lakes Intro Letter (pdf file)
Reassessment Brochure (pdf file)

Gregg Bucino - Inspector 112 (pdf file)
Michael Kopplin - Inspector 17 (pdf file)
Raymond Zavala - Inspector 176 (pdf file)
Ruben Merino - Inspector 384 (pdf file)

Mountain Lakes Inspector Locations (xlsx file)