If you were issued an occupancy permit any time during the year, State law requires cities and towns to make a pro-rated Real Estate Tax assessment on the value of improvements if they are greater than 50% of the billed value to real estate. The assessment is based on the value of the improvement, multiplied by the tax rate (for example, $16.25 per thousand of valuation for residential) and pro-rated for the amount of time remaining in the fiscal year.
These Supplemental Tax bills will be mailed to the Owner of Records and are due in the Collector's office by the date specified on the bill.
Anyone who feels that their property is overvalued for Real Estate, Personal Property or Supplemental Tax Assessments has 30 days from the date the bill was mailed to file an application for abatement with the Assessors' Office. Please be advised that the filing of the abatement application does not mean that the taxes do not have to be paid. In order to avoid any interest and penalty charges, the taxes still must be paid by the due date.
