Verona Property Tax Revaluation Nears Finish Line: What To Know

VERONA, NJ — A town-wide property tax revaluation in Verona is nearing the finish line.

The township kicked off a new revaluation last year, which is finally coming to a conclusion. The final tax list is expected to be filed with the Essex County Board of Taxation on Feb. 10.

During a revaluation, all properties in a city or town are reassessed to find out their current “full and fair value.” The goal? To make sure each home or business owner is paying their fair share toward the town’s overall tax burden.

Although almost all property values rise during a revaluation, it doesn't necessarily mean that all property taxes will increase, experts explain: some may rise and others may fall. Learn more here.

The mandatory program was ordered by the Essex County Board of Taxation, and will include all residential, commercial and industrial properties in town. As part of the process, inspectors visited local properties throughout the year.

The township has launched a webpage with more information about the revaluation – and what it means for local homeowners. View it here.

It’s been nearly six years since a revaluation was completed in Verona.

The average Verona resident paid $13,407 in property taxes on a home valued at $434,575 in 2024. READ MORE: See Average Property Tax Bills In Verona, Cedar Grove

REVALUATION UPDATE

On Jan. 26, township officials announced that new property assessment letters have been mailed to local homeowners. All properties within Verona Township have been inspected, analyzed and valued.

Final tax bills will ultimately be determined by the adoption of the 2026 budgets. However, the estimate provides a reasonable and informative benchmark, municipal administrators said.

Here are three other things to know, the township said:

• QUESTIONS – If you have questions or concerns about your assessment, please contact Professional Property Appraisers directly at 1-800-410-5815 to discuss your property and review the information used in the valuation.
• ‘FAIR AND EQUITABLE’ – Pursuant to applicable New Jersey law, the Essex County Board of Taxation, with approval of the State of New Jersey, ordered the Township of Verona to conduct this revaluation to ensure fair and equitable assessments.
• REVENUE NEUTRAL – The revaluation is revenue neutral and is intended to promote fairness and uniformity across all properties.

Verona isn’t the only town in Essex County that has recently been ordered to do a revaluation. Others include Caldwell, Cedar Grove, Montclair, Newark and West Orange.

• See Related: Cedar Grove Prepares For Tax Revaluation
• See Related: Property Tax Revaluation In Newark: Will Your Share Rise Or Fall?
• See Related: 'Scary Numbers' For Some West Orange Homeowners Amid Tax Revaluation
• See Related: Cedar Grove Prepares For First Tax Revaluation In Nearly 2 Decades
• See Related: Home Inspections Begin For Caldwell Tax Revaluation

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