A2643 — Permits reassessment of real property when municipal assessor has not received notice of material depreciation from property owner and allows Division of Taxation to extend certain statutory dates.

A2643 — Permits reassessment of real property when municipal assessor has not received notice of material depreciation from property owner and allows Division of Taxation to extend certain statutory dates. · Informed CitizenryThe legislation amends P.L.1945, c.260 (C.54:4-35.1) regarding real property reassessment following material depreciation. Under current provisions, if a parcel's value materially depreciates due t…Open in Informed Citizenry