By when must new assessment records be submitted to the municipality?

New assessment records must be submitted to the municipality by June 1st. This timeline is crucial for the municipal tax assessment process, ensuring that all the necessary data is compiled and reviewed to determine property values accurately for tax purposes. Submitting these records by this specific date allows municipalities to adhere to their fiscal schedules, enables timely notification to property owners about their assessments, and ensures compliance with state regulations regarding property taxation. Meeting this deadline is essential for maintaining efficient administrative processes and ensuring fairness in property taxation.