Form Afr-A - Application For Annual Reassessment Programm

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Form AFR-A
July 2015
Application For Annual Reassessment Program
(TO BE FILED WITH COUNTY TAX BOARD)
County__________________________
Municipality___________________________
SECTION 1- GENERAL INFORMATION
1
Reassessment is to be completed as of __________________and filed in the tax year___________
2
Year of last revaluation _______________ and year 100% reassessment was implemented ______________
3
Number of line items:
Class 1____________
Class 3____________
Class 15 ____________
Class 2____________
Class 4____________
Last Date Tax Map Approved By Division ____________
SECTION 2 – ANNUAL REASSESSMENT STANDARDS AND PROCEDURES
Please read each statement carefully. The statements below are the standards and procedures that must be met or
performed during an annual reassessment program. More than 50% of the line items must be changed to be recognized as
a reassessment. Hybrid reassessments must attach a copy of the contract. Your signature in Section 4 indicates that you
agree to comply with all requirements.
A thorough inspection of the exterior of all improvements noting pertinent physical property characteristics
and accurately obtaining or verifying outside building dimensions will be made.
You are thoroughly inspecting 20% ________ or 25% ________ of the total line items.
*If unable to gain entry, a card must be left after the first attempt to inspect with the appropriate contact information.
You must gain entry into at least 50% of the interior of those improvements being inspected.
A scaled sketch with dimensions of each significant building will be reviewed and if not accurate, corrected, noting
building sections, accessories, and story levels or heights.
The Real Property Appraisal Manual for New Jersey Assessors will be used to develop appropriate depreciated
replacement costs for all residential improvements as of the October 1 pretax year assessment date.
All exempt property assessments will be updated to current values as of the October 1 pretax year assessment date.
All land assessments will be updated to current values as of the October 1 pretax year assessment date using
generally accepted land valuation procedures.
A land value map will be developed using appropriate land unit values such as front foot, effective front foot,
excess front foot, square foot, acreage value and base or minimum site value.
All property sales occurring within the past three years will be analyzed: and significant data extracted from
appropriate sales will be used to develop pertinent factors, adjustments, tables, and/or schedules for determining
current market values as of the October 1 pretax year assessment date.
All owners of income-producing property will be requested to submit income and expense information as provided
under N.J.S.A. 54:4-34.
All applicable approaches to value will be employed in the property valuation process and will be reconciled to
determine a final assessed value for each property as of October 1 of the pretax year.
A Notice of Assessment (Chapter 75) will be sent to all taxpayers to inform them of their new assessed value.

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