What date does the New Jersey Division of Taxation require municipalities to submit their annual reports?

The correct answer is March 1st, which is the date by which municipalities in New Jersey are required to submit their annual reports to the Division of Taxation. This deadline is important for ensuring that local governments provide timely and accurate data regarding their tax assessments, which helps maintain the integrity of the property tax system in the state.

Submitting these reports by March 1st allows for adequate processing time before the tax year begins. It also aligns with the overall timeline for property tax assessments in New Jersey, making it crucial for municipalities to adhere to this deadline to avoid any potential issues with compliance or delays in the assessment process.

Understanding this timeline is vital for tax assessors as they prepare their annual submissions and ensure that their municipalities remain in good standing with the Division of Taxation, thus facilitating effective local governance and tax collection.