The Toombs Team at Coldwell Banker Basking Ridge

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11 Carteret Trail, Basking Ridge, NJ 07920, Presented by Greg Toombs, Coldwell Banker. Powered by Jump Visual Tucked away on a truly private cul-de-sac in one of Basking Ridge's most sought-after neighborhoods, 11 Carteret Trail is your sanctuary of warmth, charm and tranquility. This stunning updated home blends timeless appeal with modern comforts, offering the perfect setting for both lively gatherings a...

Perhaps you've been asking yourself...
New Jersey measures its property tax assessments based on the "true value" or market value of the property, which is determined by local municipal tax assessors. Here’s how the process works:
In New Jersey, property taxes are an "ad valorem" tax, meaning they are calculated according to the value of the property. The standard for assessing this value is set by the New Jersey Constitution and statutes, specifically N.J.S.A. 54:4-23, which require real property to be assessed at its "full and fair value." This is typically interpreted as the price a willing buyer would pay a willing seller in an arms-length transaction on the open market as of October 1 of the pretax year. For most properties (except qualified farmland), this true value is meant to reflect 100% of its market value, though counties can adjust this percentage through an assessment ratio if needed.
The process begins with the local tax assessor in each municipality, who is responsible for determining the taxable value of all real property within their jurisdiction. Assessors evaluate properties annually, taking into account factors like recent sales of comparable properties, property improvements, and changes in market conditions. The assessed value is then submitted to the county board of taxation by January of each year. This data forms the basis for the tax rolls, which are used to calculate property taxes.

nj.gov

New listing, attracting offers...

House for sale in Long Hill Twp.: 27 Rainbow Dr, Long Hill Twp., NJ 07946 For sale: 5 bed, 4 bath, 3,320 SQFT house. Move right in to your dream home in coveted Clover Hill, Long Hill Township... $1,179,000.

Listed, multiple offers, Under Contract/Pending, closing soon!

19 Rainbow Dr, Long Hill Township, NJ 07946 | realtor.com® 19 Rainbow Dr, Long Hill Township, NJ 07946 is pending. View 36 photos of this 4 bed, 4 bath, 2888 sqft. single family home with a list price of $1049000.

Exciting New Home opportunity - direct Barnegat Bay Waterfront with protected lagoon & dock

Home for sale in Brick: 231 Cedar Island Drive, Brick, NJ 08723 For sale: 5 bed, 5 bath, 3,349 SQFT house. Unique waterfront New Home opportunity! Enjoy expansive all day south-facing Barnegat Bay views - from Eastern... $2,500,000.

Congratulations to our happy seller and new homeowner!

Wonderful home in a premier Basking Ridge location.
New Listing:
34 Sunnybrook Rd, Basking Ridge, NJ
$1,999,000
See the video:

Tour 428857.

Congratulations to our top 5 agents for March!