Revaluation

Boro of Franklin

The Sussex County Board of Taxation has directed the Borough of Franklin to undertake a Complete Reassessment Program beginning with tax year 2023 and continuing through 2028. This program will ensure uniform and equitable assessments throughout the municipality, account for recent changes in the real estate market, and significantly reduce costly tax appeals. The Borough has contracted with Appraisal Systems, Inc. to assist in conducting the Reassessment Program.

During 2022, 100% of all properties were inspected to establish the new assessments for Tax Year 2023 (the Base Year). As per NJ Division of Taxation requirements, at least 20% of the Borough’s properties must be reinspected each year over the remainder of the program (2024-2028). Regardless of the percentage of properties inspected in any year over this time frame, ALL properties in the municipality will be reassessed each year to assure current market valuations are maintained.

If your property has a unique condition that you feel influences value, please send documentation to Appraisal Systems, Inc. (17-17 Route 208, Suite 210, Fairlawn NJ, 07410) and it will be considered in the process.

Regardless of when a property is visited during this 6-yr program, new assessments for 2024 will be determined on ALL properties based on the estimated market value as of October 1, 2023 (the statutory date by law). It is important to note that while only 20% (+/-) of properties are being inspected each year after the base year - ALL properties in town will be re-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 new assessed values and will have an opportunity to review and/or contest same.

Any inquiries with respect to the inspection and/or valuation procedure should be directed to Appraisal Systems, Inc. at (201) 493-8530.

2024 -Franklin Borough Intro Letter (pdf file)
Franklin Borough Reassessment Presentation (pdf file)
Franklin Reassessment Brochure (pdf file)

Frederico Meyer - Inspector 154 (pdf file)

Franklin Inspector Locations 11-13-23 (xlsx file)