Revaluation

Boro of Demarest

The reassessment of your property has been completed in accordance with the rules and regulations mandated by the State of New Jersey requiring all real property be appraised at its fair market value. Appraisal Systems Inc. (ASI) has made a complete analysis of all recent market data in order to accomplish this task and to determine the value of all properties as of October 1, 2024.

For comparative purposes, a tax rate of $1.694 (per $100 of assessed value) has been estimated for 2025 to give property owners a sense of how their property taxes may increase or decrease based on the new 2025 proposed property assessments. However, the 2025 actual tax rate will be different from the estimated 2025 rate based on the County Equalization and reallocation process. In addition, the 2025 actual taxes cannot be computed until the County, School and Municipal budgets are approved and the official tax rate is established next year.

If you desire, you may speak with an Appraisal Systems Inc. representative to discuss any relevant information regarding your new proposed 2025 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 demarest@asinj.com and include your block, lot and address in the email request. Please allow up to 72 hours to receive your property record card by email.

Thank your for your cooperation during the reassessment process.

Demarest Introductory Letter (pdf file)
Demarest Value Letter (pdf file)
Reassessment Brochure (pdf file)

Demarest Tax Impact Study (pdf file)
Demarest Tax Worksheet (pdf file)
Demarest Tax Worksheet (xlsx file)

Demarest - Prelim ( NBHD Map file)

List of 2023-2024 Sales (xlsx file)

Demarest Residential Assessments (xlsx file)

Non Usable Sales Codes and Definitions (pdf file)