REALTY APPRAISAL COMPANY

PROJECTED TIME LINE - REVALUATION OF JACKSON TOWNSHIP

TO BE COMPLETED FOR TAX YEAR 2009

JANUARY - MARCH 2007

APRIL - MAY 2007

JULY 2007 - APRIL 2008

1.  Load Mod IV Tape in Realty

1.  Compute and input lot size of

1.  Send notification letter to all

Altos Computer.

every line item.

property owners.

2.  Place zoning districts and property

2.  Set up local office and phone

2.  Commence residential and

sales on new Tax Map.

number.

commercial property inspections.

3.  Match every line item in Tape with

3.  Print Field Inspection Sheets

3.  Begin inputting building data in

lot on Tax Map.

Realty computer system.

4.  Commence downloading data to

Assessor via modem.

MAY - JUNE 2008

JULY - AUGUST 2008

SEPTEMBER - DECEMBER 2008

1.  Mail Certified Chapter 91 Income

1.  Complete all property inspections.

1.  Review property values & other

and Expense requests to commercial

reports with Assessor.

property owners.

2.  Review land values with Assessor

2.  Mail value notifications, (Nov).

2.  Analyze residential & commercial

3.  Do field check (drive by review

property sales.

by Appraisers)

3.  Hold informal taxpayer reviews (Dec).

3.  Review neighborhood delineations

4.  Review Municipal Planning/Zoning

4.  Review & modify values based on

with Assessor.

Board approvals.

informal taxpayer reviews.

5.  Perform Income Capitalizations

5.  Send change/no change letters to

of commercial properties.

property owners.

6.  File new tape with the Ocean

County Board of Taxation (late Dec)