Tax Assessment Value Doubled - Will Annual Taxes Double? (Sussex County NJ)

[Robert McCormick]

The current tax assessment value of my property is $119,700 and I pay $4,188.30 annually in taxes. (2023 tax year)

My house was recently revalued by an appraisal company with a 2024 assessment of $254,000. Does this effectively mean my annual tax bill will more than double to be roughly $8,887.45? 

If I wanted to challenge this assessment to argue the assessment should be less, would the best route to take essentially run a sales comparison analysis of similar homes sold in my neighborhood around the time my house was assessed?

If anyone could offer any help on the subject, or can possibly point me in the right direction towards someone who could help, I would greatly appreciate it!