Every year, an antiquated system allows some New Jersey property owners to avoid paying their fair share of property tax, leaving millions of dollars to be paid by the wrong people. Beginning in Monmouth County in 2014, the Assessment Demonstration Program (ADP) was developed to permanently address the social inequities created by the existing system.
ADP is reforming the assessment calendar by placing the annual County Tax Board appeal before the budgetary process. It has developed a tax board portal to provide transparent, affordable public access to assessment data. And, it has demonstrated the effectiveness of annual reassessments from a local assessor, doing away with the cost of traditional revaluations.