Towns undertake revaluations periodically to reflect current market conditions. Neighborhoods change, individual homes may change, but assessments are mostly static. The one major exception is if you improve or enlarge your dwelling. Since market conditions change, and assessments rarely change over time, the relationship between assessments and market values becomes more distant and must be brought into line.
What is the purpose of revaluation? The purpose of the revaluation is to redistribute the existing tax burden more fairly based on current market value: If your home is worth $300,000 you should be assessed at $300,000. If your home is worth $500,000, you should be assessed at $500,000. This principle is established by the New Jersey Constitution, and spelled out specifically in statutory law. Top Will my taxes go up after the reval? Many homeowners think that the town is using the revaluation to raise property taxes. This is not the case. The amount that you pay in real estate taxes is determined by your municipal, county and local school district budgets. If these budgets go up from one year to the next, and state aid is static, property taxes will rise, whether or not the town undertakes a reval. Top What happens to the tax rate after a revaluation? Because the ratable base (total assessed value of all properties in town) goes up after a revaluation, the tax rate is adjusted downward. For example: Pre-reval Assessed Value x. Tax Rate = Pre-reval Taxes $250,000 x %4.00 = $10,000 Post-reval Assessed Value x. Tax Rate = Post-reval Taxes $500,000 x %2.00 = $10,000 Top Why do you need to come into my home? The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property. Top I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
The purpose of the revaluation is to redistribute the existing tax burden more fairly based on current market value: If your home is worth $300,000 you should be assessed at $300,000. If your home is worth $500,000, you should be assessed at $500,000. This principle is established by the New Jersey Constitution, and spelled out specifically in statutory law.
Will my taxes go up after the reval? Many homeowners think that the town is using the revaluation to raise property taxes. This is not the case. The amount that you pay in real estate taxes is determined by your municipal, county and local school district budgets. If these budgets go up from one year to the next, and state aid is static, property taxes will rise, whether or not the town undertakes a reval. Top What happens to the tax rate after a revaluation? Because the ratable base (total assessed value of all properties in town) goes up after a revaluation, the tax rate is adjusted downward. For example: Pre-reval Assessed Value x. Tax Rate = Pre-reval Taxes $250,000 x %4.00 = $10,000 Post-reval Assessed Value x. Tax Rate = Post-reval Taxes $500,000 x %2.00 = $10,000 Top Why do you need to come into my home? The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property. Top I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Many homeowners think that the town is using the revaluation to raise property taxes. This is not the case. The amount that you pay in real estate taxes is determined by your municipal, county and local school district budgets. If these budgets go up from one year to the next, and state aid is static, property taxes will rise, whether or not the town undertakes a reval.
What happens to the tax rate after a revaluation? Because the ratable base (total assessed value of all properties in town) goes up after a revaluation, the tax rate is adjusted downward. For example: Pre-reval Assessed Value x. Tax Rate = Pre-reval Taxes $250,000 x %4.00 = $10,000 Post-reval Assessed Value x. Tax Rate = Post-reval Taxes $500,000 x %2.00 = $10,000 Top Why do you need to come into my home? The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property. Top I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Because the ratable base (total assessed value of all properties in town) goes up after a revaluation, the tax rate is adjusted downward. For example:
Why do you need to come into my home? The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property. Top I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
The Division of Taxation mandates that we attempt to inspect the interior of every dwelling and commercial/industrial/apartment building in town. Inspecting the interior of your dwelling helps to make a more accurate valuation of your property.
I have not made any improvements to my property since the last reval. Why does my house have to be inspected? Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition. Top Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Unless an interior inspection is made, we cannot determine the current condition of the dwelling. If the interior of your dwelling is unchanged over the years, you should encourage the inspector to see the interior condition.
Who will inspect my dwelling? The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior. Top What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
The person inspecting your dwelling is a trained full-time property inspector. He or she is not a tax assessor and not an appraiser. He or she will not be formulating an appraisal of your house. Our inspectors are trained to measure the exterior of the dwelling and to inspect both the exterior and interior.
What kind of identification do the inspectors carry with them? These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling. Top What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
These inspectors will have two forms of identification: a company-issued badge with photograph, and also a town-issued letter of introduction. Please make sure to check their identification before allowing them into your dwelling.
What is the inspector looking for inside my home? They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention. Top Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
They are not looking at your furnishings, your clothing, or your pets. They are counting rooms and baths, noting the type of heating system, as well as amenities such as fireplaces, decks, patios, etc. They also look at the condition of the dwelling, as well as any problem you bring to their attention.
Do I have to let the inspector into my house? You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling. Top I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
You are not required to allow an inspector to enter your home. However, if you decide not to allow an inspection, you can be sure that your valuation will be substantially higher than it would have been had you allowed the inspection. In fact, after we mail out our valuation letters at the end of a reval, often the first people that call us for an appointment are those who did not allow an inspection. Before we can discuss the new valuation with them, they will be required to allow us an interior inspection of the dwelling.
I work most days, and return home late. How will my home be inspected? Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment. Top How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Our inspectors will make three attempts to inspect, usually arriving at different times, on three different days. If, after the first or second attempt, they are unable to gain entrance, they will leave a card at the door with a telephone number you may call to arrange an appointment.
How are the valuations done? Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood. Top When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Licensed appraisers review the inspection data and dwelling measurements. They then analyze all recent property sales in each neighborhood, giving most weight to the sales which occur closest to October 1st of the year the reval is conducted. Those sales are used to formulate all of the valuations in that specific neighborhood.
When will I be notified about my new valuation? Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted. Top What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Once all of the values have been determined by our firm, the Tax Assessor will conduct a review, and either approve them, or modify some. After the review and modification is completed, Realty Appraisal Company will mail a notification letter to each property owner in town. By regulation, this letter cannot be mailed before November 10th of the year the reval is conducted.
What should I do when I receive the value notification letter? You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action. If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation. Top How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
You should read this letter very carefully. In addition to the new valuation of your property, it contains instructions on how you may proceed. If your new valuation seems to coincide with your own opinion of your home's value, or with recent sales in your vicinity, you don't need to take any action.
If however, you would like to review your appraisal, you should call the phone number provided in the letter, and schedule an appointment to discuss your new valuation.
How are the reviews conducted? Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules. At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative. After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised. Top What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
Informal reviews are held in a convenient location in your town, often at the municipal building. They are scheduled on a variety of days, including Saturdays. They are also held from early mornings to the evenings, in order to accommodate of variety of homeowners schedules.
At the review, you will meet with a representative of our firm. He or she will review the property record card, make sure of the data is accurate, show you which sales were used in determining your valuation, and listen to anything you wish to tell us about your property. If you have any information that might lead to a revision of your property's valuation, now is the time to present it to the representative.
After your informal review, you will receive a second letter informing you as to whether or not your valuation has been revised.
What is my recourse after the informal review? If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year. Top When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
If you are not satisfied with the result of the informal review, you may file a tax appeal with your County Board of Taxation. This appeal must be filed on or before May 1st of the tax year.
When will I know what my new taxes are? The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example: New Assessment x New Tax Rate = New Annual Taxes $500,000 x $2.00 = $10,000 First two quarters estimated tax payment(Based on previous years assessment & rate) = $5,500($2,750 each quarter) Remaining taxes due: = $4,500($2,250 each third & fourth quarter) Top
The new assessments and tax rate become effective on January 1 of the new tax year. However, the new tax rate is not determined until the municipal, county and school budgets are established in the late spring/early summer of the year. The third and fourth quarter tax bills will be adjusted to account for any under or over-payment made in the first two quarters of the year. For example:
