Bill > S3972

This bill revises the property tax assessment calendar in New Jersey. The key provisions include: - The president of each county board of taxation must make a tax appeal report to the Director of the Division of Taxation annually by June 1 (instead of August 15). - The county tax administrator must prepare and submit the equalization table to the county board by May 15 (instead of March 1 or May 15 in certain cases). - The county board of taxation must complete the equalization by May 25 (instead of March 10 or May 25 in certain cases). - Taxpayers or taxing districts can appeal assessments to the county board of taxation by January 15 (instead of April 1 or April 1/45 days in certain cases). - The assessor must determine property values as of October 1 and complete the final assessment list by May 5 (instead of January 10 in some cases). - The bill also makes changes to the timeframes for notifying taxpayers and conducting property inspections.

Housing and Urban Affairs

https://www.njleg.state.nj.us/bill-search/2022/S3972