If the board renders a judgment after October 1, when are rollback taxes due?

In New Jersey, rollback taxes are imposed when a property's use changes and it no longer qualifies for its previous assessment category, often associated with agricultural properties. When the board renders a judgment after October 1, property owners are typically allowed a window to adjust to the new assessment.

If the judgment is made after October 1, the rollback taxes become due and payable on November 1 of the following year. This timeline provides property owners adequate notice and time to prepare for the financial implications of the change in their property's assessment status. The payment timeline ensures that property owners are not immediately burdened with a financial obligation before they have had time to recognize and adapt to the change brought about by the board's judgment.