The change in our current system of Property Taxation would involve changing the method of allocating the annual tax increases for properties in each municipality.  The current method allocates the $ amount of increases from the School District, the Municipality, and the County Government based on the assessed values of each taxable property.  The NEW method would divide this  $ increase by the number of taxable properties in the municipality.  Accordingly, each taxable property would have the same $ increase regardless of the assessed value of a property.  The base assessment would remain the same.   This change would recognize that all the taxable properties in a municipality receive the SAME municipal, school, and County  services.  No changes would occur in the base assessment for 2026 in all taxable properties.  Going forward all revaluations would be avoided, and no increased assessments for property improvements.  Renovations, upgrades, and additions to existing properties would NOT receive an increase ASSESSED Value, since that increase in assessment would not change the Municipal, schools, and County services received by the property owners. This change would spur all sorts of improvements in properties, without fear of increasing property taxes each year based on an ASSESSED improvement.  The increased economic activity would lead to an incease in both State Income taxes and sales taxes.  All income taxes in NJ go directly into the PROPERTY TAX RELIEF FUND,  which provides money for Schools and Pensions.   All this property improvement and economic activity would be accomplished by a simple mathematical change in the allocation of the $ tax increase at the municipal assessor's office. An added bonus to spur housing development would be to assess all new property construction units at the AVERAGE for the Municipality.