Extends county-based real property assessment program to Passaic County.

This bill would extend New Jersey's county-based real property assessment pilot program from Gloucester County to Passaic County. Under the bill, Passaic County would appoint a county assessor who would oversee a three-year phase-in plan to revalue all property in the county's municipalities, replacing the current municipal assessment system. The state would reimburse Passaic County for revaluation costs through existing funds, and the county would adopt a new assessment calendar designed to reduce the financial impact of property tax appeals. The program aims to create more uniform property assessments across the county, potentially lowering costs for property taxpayers as seen in Gloucester County's experience.