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The Department of Finance is responsible for the administration of the City's finances, assessment of all properties within the City's boundaries, and the billing and collection of taxes and collections of water/sewer payments. These functions are carried out through three divisions: Accounts and Treasury, Tax Assessment, and Tax Collection. Working within the prescribed statutory requirements and policies established by the New Brunswick City Council each division performs a specific group of tasks that collectively administer all aspects of the City's finances.
How is the value of my property determined? The Tax Assessor's Office places an Assessed Valuation, each year, on each property in the City. These valuations are based upon the Market Value of the entire property, including the value of the land, and the value of all of the buildings on it. For rental and income properties, the Market Value can be verified by applying a Capitalization Rate to the Net Operating Income of the property. For owner occupied, residential homes, the Market Value can be verified by analyzing the sales of comparable homes.
Yes, the State of New Jersey offers property tax reductions to veterans of war, low income senior citizens, and disabled persons.
Yes, most hospital, school and government properties are exempt. Permanently and totally disabled veterans of war are also exempt from payment of property taxes. Also, many religious and non-profit organizations own property that qualifies as exempt from local property taxes.
Applications for these programs may be downloaded or filled-out online, printed, and then returned to the Office of the Tax Assessor, 78 Bayard Street, New Brunswick, NJ 08901. Forms may also be requested by telephone at 732.745.5011, fax at 732.565.7534, by mail, or in-person.
Public access to Tax Maps, Sales Maps and other sales information is provided at the main counter in the Assessing Office. Bound copies of the Tax List with both Street Name and Owner's Name cross indexes for Block and Lot designations are also available.
Yes. All tax list information is available at www.njactb.org. Property inquiries may also be requested by calling the tax assessor at 732.745.5011. Deed references and SRI-A sales data are also available at www.njactb.org.
The Tax Rate, Average Ratio, Property Location, Owner's Name and Mailing Address, Block and Lot designations, Assessments, Taxes, Lot Sizes, Previous Sales, Building Type, Year Built, and Square Footage of the Improvements are all available. Market Value is an estimate of how much money a property would sell for on the open market, at a certain date in time. Assessed Valuations in New Jersey are based upon the Market Value of each property on October 1st of the previous year (last year). The quality, size, age, condition, style, and appearance of a home or building, plus the functional value and convenience of extra bedrooms and bathrooms, fireplaces, air conditioning, finished basements, garages, decks, patios, porches, and similar features each contribute to the Value of the Improvements on a property. The location, size, shape, topography, view, and utilities available to a parcel of land are the key factors that influence the Value of Land in the marketplace. The combined Value of Land and Improvements determines the Market Value of a property.
The City of New Brunswick's property tax rate per $100 of assessed value for 2006 is comprised of various county and local taxes as detailed below:
Taxes are due quarterly to the Tax Collector's Office based upon the following table:
Payments can be made by cash, check, or money order to the Tax Collector's Office, 78 Bayard Street, New Brunswick, NJ 08901. Payments can be made through the mail or in person. Questions regarding payments can be directed to 732.745.5030.
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