This depends on a few factors, including your current assessment value and your new assessment value, once the Revaluation is complete. I created an online tutorial to explain how you can work through the logic of answering this - view that here.
A property revaluation is needed when market values start to change from assessed values. The purpose of the revaluation is to make assessed values equal to market values, so that everyone in the municipality is taxed fairly.
Jersey City is a case study of tax injustice that occur when a city fails to revalue when market values grow disconnected from assessed values. You can read more about the need for Jersey City to revalue here.
You will have to contact Appraisal Systems Inc. (the company that was hired by Jersey City to conduct the revaluation) and/or the Jersey City Tax Office to find this out.
Based on this November 2017 report in The Jersey Journal, the first round of new assessments may be mailed to homeowners as early as December 2017. I suggest reading The Jersey Journal and following Terrence McDonald for the latest updates.
Appraisal Systems, the firm conducting the Revaluation for Jersey City, has posted an initial summary of new, proposed assessments on its website. A direct link to the document is here. Not all properties are listed. If you want information about your property, contact Appraisal Systems directly - their phone number is 201-493-8530 and their website is www.asinj.com.
Short answer: yes, you can learn about what you may have missed. The city hired Appraisal Systems to conduct the citywide Revaluation. I created a tutorial that gives a basic overview of what they offer, and how to access their information. You can view that tutorial here.
Short answer: you need to do some homework to find out if this program applies to you, but information is available online (I've shared some of it below) to get you started.
Longer answer: The NJ "Senior Freeze" is a state property tax reimbursement program that may provide some tax relief for a subset of senior citizen taxpayers.
I don't go into depth on Senior Freeze in my workshops but I did want to share some NJ-specific links. Both links below show, as of the time I updated this FAQ, "Last Updated: in Feb 2017” so this information **may be subject to change for 2018**. However, it's latest info available, thus a place to start learning / gain context about this program.
Link #1: Overview of Senior Freeze http://www.state.nj.us/treasury/taxation/…/eligibility.shtml.
Link #2: NJ-provided questionnaire that steps taxpayers through eligibility requirements. I stepped through this and found it helpful. http://www.state.nj.us/…/taxa…/questions/senior-freeze.shtml
I encourage folks to contact their local STATE elected reps (this is a STATE program thus STATE legislators will be ones to contact, vs LOCAL officials like council or mayor) with questions on this program if you are curious about how it works.
CONTACT YOUR REPRESENTATIVES in HUDSON COUNTY (if you're reading this from outside Hudson County, just click here to get info on your district: http://www.njleg.state.nj.us/districts/districtnumbers.asp)
District 31 (Bayonne & Jersey City):
1) Senator SANDRA B. CUNNINGHAM
District Office: 1738 Kennedy Blvd., Jersey City, NJ 07305
Sandra Bolden Cunningham
2) Assemblyman NICHOLAS CHIARAVALLOTI
District Office: 836 Broadway, Bayonne, NJ 07002
3) Assemblywoman ANGELA V. MCKNIGHT
District Office: 2324 John F. Kennedy Blvd., Jersey City, NJ 07304
Assemblywoman Angela V. McKnight