Dashboard
Welcome to the Borough of Interlaken Reassessment Dashboard
Assessment postcards will be mailed on or about November 15th, 2022 detailing the new assessment for 2023. We wanted to take this opportunity to provide some background on what is occurring with property assessments in the Borough of Interlaken and how it may impact the tax rate.
For the tax year 2023, the aggregate preliminary net value of the Borough will be 19.86% higher than it was in 2022. This does not mean your taxes will go up 19.86%. It means that the overall value of properties in town have increased. The valuation of all the properties within the Borough and the tax rate are proportional. If the Township valuation increases, the tax rate decreases. We anticipate that the 2023 tax rate will be lower than the 2022 tax rate due to these increased property values. If your assessment has increased less than the baseline (less than 19.86%), you will pay a lesser proportionate share of the Borough’s tax levy in 2023.
The assessment function serves as the distribution mechanism of the property tax levy which is a combination of municipal, library, school, open space, and County taxes. Since taxes are intended to be split up amongst the property owners based on the market value of the properties, it is critical that the assessment process is uniform, accurate, fair, and transparent.
Use the Monmouth County Tax Estimator to gain insight about your 2023 estimated tax bill and review the top 10 most frequently asked questions to help you better understand the reassessment process. Simply follow the instructions, input specific data related to your property, and the tool will provide you with an estimate for what you can expect to pay in property tax in 2023. Since the tool can ONLY provide an ESTIMATE, please note the qualifications included regarding the estimates generated by the tool.
