Homes in Wyckoff will undergo a revaluation beginning this October, the township committee announced at its meeting last week.
The process will take approximately one year, and will bring in experts to reassess the value of township homes, officials said.
At its meeting last Tuesday, the committee approved a bid to conduct the revaluation. According to a NorthJersey.com report, the Realty Appraisal Co. bid came in at $552K.
Township Administrator Bob Shannon said he is putting together a newsletter that will be sent to all residents explaining the process for the revaluation, and how the company will assess value to homes.
The revaluation will be done on a “tight schedule,” he said, as its results must be delivered to the county by October of 2014.
Follow Patch through the revaluation process for information on how it will take place, and what the impact will be on Wyckoff homes.