The revaluation of all real estate property in Tenafly is in its final stages, with notices of new valuations to be distributed in December, according to Borough Assessor Carol C. Byrne.
The revaluation’s purpose is to meet the requirement under New Jersey law that all real estate be assessed at its current value, that is at the price at which a property would sell on the open market between a willing buyer and willing seller. New valuations will be in effect for the 2011 tax year.
The Borough was ordered to conduct the revaluation program by the Bergen County Board of Taxation.
Since May, Realty Appraisal Company of West New York, New Jersey, has been reviewing and inspecting dwellings, as well as commercial and office buildings, throughout the Borough. As of this date, most dwellings have been visited and the inspection process will be completed in the next few weeks.
At present, project supervisors Steven and Neil Rubenstein, in consultation with Mrs. Byrne, are analyzing recent sales and listings in order to arrive at market value estimates for all Borough properties.
Once property owners receive their new valuations they will be given the opportunity to request an informal review with Realty Appraisal representatives. As always, property owners are welcome to contact the Assessor’s office with any questions or concerns at 201-568-6100.


About tamirapaport

I have been a Tenafly Realtor for many years and continue to offer excellent service for my friends and clients. I have been fortunate to be the only realtor to achive Platinum Level Sales Award for 8 years in a row! (NJAR Circle of Excellence 2002-2009) and in 2008, I ranked #3 out of 3,900 Coldwell Banker agents throughout the entire state of New Jersey! I love my job and my committment shows. I am also a member of Coldwell Banker International President's Premier, the top 1% worldwide of the heighest sales ranking within the company. Awards are great recognition, but my clients will tell you I get the job done! I am multi-lingual and speak fluent Hebrew as well as English.
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