FANWOOD, NJ -- Neil Rubenstein of Realty Appraisal Company, updated the Fanwood Council and Mayor Colleen Mahr on the pace of the revaluations in of properties in the Borough.

Realty Appraisal Company has been doing the town-wide inspections of all properties with the goal of revaluations for the first time in more than 30 years. To date, 90% of Fanwood homes have been inspected.

Rubenstein, in consultation with Borough Tax Assessor Michael Ross, are currently analyzing recent sales and listings in order to accurately assess and estimate the market value of all Borough properties.

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At the conclusion of this revaluation, each property owner will receive a notice of their property’s new valuation, as determined by the firm. That notification letter will contain a phone number and web address that property owners can use to schedule an appointment in Fanwood for an informal review of their valuation, if they so desire.

Those letters will go out in mid-November and meetings with property owners will begin in early December. 

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