Business & Finance

Westfield to Begin Conducting Town-Wide Property Revaluation

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Westfield will soon select a firm to begin revaluation of properties town-wide. Credits: Jackie Lieberman
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WESTFIELD, NJ — Since November 2016, Westfield officials have known that the town, along with many others, might soon be required to conduct a revaluation of the properties within its boundaries for taxation purposes. (Westfield hasn’t conducted a one since 1981, Town Administrator Jim Gildea said at the time.)

The town will soon select a firm to begin the revaluation this fall, Gildea told the town council during Tuesday night’s conference meeting.

“I think it’s important to note that towns in New Jersey are being required to go through this revaluation. Most towns will have to comply with that if they haven’t already done so,” Finance Policy Committee Chair JoAnn Neylan said.

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The process could mean higher taxes for Westfield homeowners, or it may not. Neylan stressed that she did not believe the revaluation was something residents should fear.

“If they have done any improvements and they’ve gone through the proper channels things should not be a major shift,” Neylan said. “It’s just going to be an adjustment — most people, I think most people, will benefit from a fair reading of what the tax burden should be ... I think at the end of the day it will be a very positive result for most of the residents.”

Updates on the process will be posted on the town’s website (www.westfieldnj.gov) and the firm conducting the revaluation will contact residents, as well, Gildea said.

“Come the fall, there’s going to be a lot of information coming out and probably even conducting some meetings in town,” Gildea said.

“My goal is to make sure this process is transparent and we communicate as often as possible,” Neylan added. “Once we have more news we are certainly going to disseminate it to the public.”

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