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Barrington Today
By the People, for the People
Stone Harbor Approves $678K Reassessment Contract
The borough council awarded the contract to Professional Property Appraisers Inc. to conduct a townwide property value reassessment.
Published on Mar. 10, 2026
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The Stone Harbor Borough Council has approved a $678,135 contract with Professional Property Appraisers Inc. of Barrington, New Jersey to conduct a boroughwide property reassessment. The council had discussed the need for the reassessment at several recent meetings, as the county's equalization tables showed a growing gap between assessed and true property values in the town.
Why it matters
Periodic property reassessments help ensure that tax burdens are fairly distributed across a community. Stone Harbor's last full reassessment was several years ago, and the growing discrepancy between assessed and market values had led to concerns about equitable taxation.
The details
The contract with Professional Property Appraisers Inc. will involve a comprehensive review and revaluation of all properties within the Stone Harbor borough limits. This is the first full reassessment the town has undertaken in several years.
- The Stone Harbor Borough Council awarded the $678,135 reassessment contract on March 1, 2026.
- The last full property reassessment in Stone Harbor was conducted several years ago.
The players
Stone Harbor Borough Council
The governing body of the Borough of Stone Harbor, New Jersey.
Professional Property Appraisers Inc.
A property assessment firm based in Barrington, New Jersey that was awarded the contract to conduct the Stone Harbor-wide reassessment.
What’s next
The reassessment process is expected to take 12-18 months to complete, with new property values taking effect for the 2028 tax year.
The takeaway
Periodic property reassessments help ensure tax fairness, and Stone Harbor's upcoming comprehensive review aims to align assessed values with current market conditions across the entire borough.
