The Marlboro Township Council has introduced an ordinance to authorize a special emergency appropriation of funds that will be used to pay a firm to conduct a revaluation of all properties in Marlboro.
The ordinance is expected to have a public hearing, second reading and vote for adoption at the council's Feb. 21 meeting.
The revaluation of every property in Marlboro was ordered to be undertaken by the Monmouth County Board of Taxation in 2004, but has never occurred. The previous revaluation of the township was conducted in 1992.
The revaluation will result in every property being assessed at its current market value. The assessment of each parcel is used to determine the amount of taxes each property owner pays in municipal taxes, Marlboro school taxes, Freehold Regional High School District school taxes, Monmouth County taxes and other assessments.
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