The Assessor’s office, under the general direction of the Monmouth County Board of Taxation and the State Director of Taxation, undertakes the assessing activities of the Borough as prescribed by law as follows:
- Responsible for establishing an assessed valuation for property in the Borough as of October 1st of the prior year;
- Determines the taxability of each parcel, not the taxes. The tax rate is formulated by the County Tax Board from the State approved budgets of the County, the two school districts, and the Municipality.
- Processes building permits to determine the value for added assessments. If improvements were made to your property during the year, you may receive an additional bill for added value in October, due November 1st.
- Adds new ratables to the tax rolls.
- Reviews all applications for exemptions and deductions such as Veterans, Senior Citizens, and Disabled Persons. These applications are available from either the Tax Assessor’s or Tax Collector’s office.
- Maintains the current tax map for the Borough, along with property record cards for each property with the correct owner.
- Defends assessments upon appeal. You are notified of your current year’s assessment by postcard on or before November 15th. If you disagree with this value, you must file an appeal by January 15th. Instructions are listed on the reverse side of the card.
Freehold Borough has a five year tax abatement program on improvements, which must be filed within thirty (30) days of the substantial completion of the permitted work.