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Bergen County · New Milford, NJNew Milford, NJ property taxes. A fast market. Assessments chase it.
The typical home in New Milford was worth about $715,000 in January 2026, up 6.0% in a year. When values move this fast, assessments can overshoot individual homes, especially ones that need work.
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What New Milford home values did
New Milford values rose 6.0% in the year to January 2026, reaching a new high. That's stronger than Bergen County as a whole (+4.9%).
Since January, values have risen 4.4% through August 2026.
| Month | Typical value | vs. a year earlier |
|---|---|---|
| January 2021 | $506,000 | +8.8% |
| January 2022 | $548,000 | +8.3% |
| January 2023 | $574,000 | +4.8% |
| January 2024 | $620,000 | +8.0% |
| January 2025 | $674,000 | +8.8% |
| January 2026 | $715,000 | +6.0% |
| August 2026 (latest) | $746,000 | +4.4% since January |
January 2026 was the highest month since 2021.
What to check on your notice
The typical New Milford home gained 6.0% in the year to January 2026. A notice that rose far more than that, or a value above what similar homes nearby actually sold for, is the usual starting point for an appeal.
How New Milford compares nearby
Among 10 Bergen County places, New Milford has the 10th largest drop from its peak and the 3rd highest typical value. Statewide, its 1-year change ranks 387th of 460 New Jersey places, from weakest to strongest.
| Place | January 2026 | 1-year change | vs. peak |
|---|---|---|---|
| Hackensack | $464,000 | +1.8% | At peak |
| Teaneck | $684,000 | +3.2% | -0.1% |
| Fort Lee | $571,000 | +3.6% | At peak |
| Fair Lawn | $695,000 | +4.4% | At peak |
| Garfield | $573,000 | +1.3% | -0.2% |
| Englewood | $620,000 | +0.5% | -0.2% |
| Bergenfield | $622,000 | +2.9% | At peak |
| Paramus | $1,026,000 | +6.4% | At peak |
| Ridgewood | $1,190,000 | +7.6% | At peak |
| New Milford | $715,000 | +6.0% | At peak |
Deadline and where to file
New Milford values are set by the local municipal tax assessor. Your petition must be received (not just postmarked) by the county board of taxation by April 1, or 45 days after the town finishes bulk mailing assessment notices, whichever is later. If the town did a municipal-wide revaluation or reassessment, the deadline is May 1. Burlington, Gloucester and Monmouth counties use January 15 (or 45 days after notices, whichever is later).
Reading this in fall 2026? The 2026 deadlines have passed. If you live in Burlington, Gloucester or Monmouth County, the next deadline is January 15, 2027 (or 45 days after your town's notices, if later), so it is close. Everywhere else, the next deadline is April 1, 2027, or 45 days after your 2027 notice, whichever is later. If your town did a revaluation or reassessment, it is May 1, 2027. Check your notice, because the exact date depends on when the town mailed it.
The Bergen County guide covers the full New Jersey appeal process: forms, fees, hearing levels and what happens next.
Building a New Milford case
A citywide index shows the trend. Your case needs your house. New Milford is part of the New York-Newark-Jersey City metro, but your evidence should be local. Sales a few streets away usually beat sales across the metro.
- Serve copies of the petition and your supporting documents on the municipal assessor and the municipal clerk as the form requires.
Get your New Milford appeal report
Start with your address. Vulorean checks your assessment against recent comparable sales and builds a value report you can bring to your New Jersey appeal. Eligible reports are free during launch; an account is required and local filing fees are separate.
Check my property and get a report →Vulorean was built for California first. New Jersey forms, deadlines and filing rules vary, so confirm them with your local office before filing. If something in your report looks wrong, email support@vulorean.com and we'll get it fixed.
Home values: Zillow Home Value Index (ZHVI), all homes, mid-tier, smoothed and seasonally adjusted, through August 2026, from Zillow Research. Rules: NJ Division of Taxation, Local Property Tax appeals, NJ Form A-1 Petition of Appeal and instructions (4-25), NJ Courts, Tax Court local property tax. Vulorean is an independent service, not a government office. Confirm dates and forms with your local office.