River Vale Township Minutes Regular Council Meeting 2026-04-27
Property Reassessment Contract Awarded to Appraisal Systems
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Description
River Vale Township Council awarded an extraordinary unspecifiable services contract to Appraisal Systems, Inc. for a full municipal property reassessment in an amount not to exceed $332,000. The reassessment will begin October 1, 2026 for the 2027 tax year, with the fee paid over five years starting in 2027.
Contract Details
Contract Amount
Not to exceed $332,000
Vendor
APPRAISAL SYSTEMS INC
Agency
Township of River Vale, NJ
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 27, 2026
Contract Term
Reassessment program beginning October 1, 2026, effective for the 2027 tax year; fee paid over 5 years starting in 2027
Renewal Date
2031-12-31
Renewal Info
Single reassessment engagement beginning October 1, 2026; no renewal terms stated. Payments will be made over five years starting in 2027.
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