If you've received a notice about a property reassessment or revaluation, you may be wondering what it means for your property taxes.

It's a question worth asking because a property's assessed value and its actual market value aren't necessarily the same thing.

Which New Jersey towns are on the list?

The New Jersey Division of Taxation's 2026 approved revaluation and reassessment list includes numerous municipalities throughout Central and Northern New Jersey.

In Somerset County, the list includes Bridgewater, Branchburg, Bernards Township, Bedminster, Bernardsville, Hillsborough, Warren, Watchung, Franklin, and several other communities.

In Morris County, listed municipalities include Chester Borough, Mountain Lakes, Long Hill, Rockaway Township, and Pequannock.

In Hunterdon County, the list includes Clinton Town, Flemington, High Bridge, Lambertville, Kingwood, and Milford.

Several Essex and Middlesex County municipalities are also included, such as Verona, Cedar Grove, Piscataway, and Dunellen. 

You can see the full official 2026 list here.

Does a higher assessment mean higher property taxes?

Not necessarily.

A municipal revaluation or reassessment is intended to bring assessed property values more in line with market conditions and improve fairness across the tax base.

If your assessed value increases, that does not automatically mean your property tax bill will rise by the same percentage.

Your actual tax bill depends on the new assessment, the applicable tax rate, and government budget requirements. What matters is how your assessment compares with other properties as well as the total taxes the municipality needs to collect. 

What should you do if you receive a new assessment?

Start by reviewing the property information being used.

Check that the square footage, number of bathrooms, finished areas, lot size, and other details are accurate.

If you believe your assessment does not reflect your property's value, you may have an opportunity to request a review or pursue a formal appeal through the appropriate process.

One point that's often misunderstood: the assessed value on your tax records isn't necessarily what a buyer would pay for your home today.

Market value is influenced by recent comparable sales, location, condition, buyer demand, and the homes currently competing for buyers' attention.

Knowing your market value is useful

Even if you're not planning to sell, understanding your property's current market value provides an important reference point when reviewing assessments and making financial decisions.

Wondering how your property's assessed value compares with its current real estate market value? Visit NewJerseyHomeValue.com for a personalized home-value review.