Requires additional information in assessment notices required to be provided to property taxpayers.

This bill requires New Jersey municipal assessors to include more detailed information in annual property assessment notices sent to taxpayers. Specifically, notices must now show the prior year's taxes, final assessment, and Director's ratio (assessed value compared to true market value), plus the calculated implied market value. For the current year, notices must include the assessment, ratio, and estimated market value. This change applies to all New Jersey property taxpayers receiving these annual notices, aiming to improve transparency about how property taxes are calculated.