What date is used to determine eligibility for property tax benefits in New Jersey?

The correct date used to determine eligibility for property tax benefits in New Jersey is October 1st of the tax year. This date is critical because it marks the deadline for assessing the eligibility of properties for various tax benefit programs, including tax exemptions and deductions. Property owners must meet the eligibility criteria as of this date to qualify for the tax benefits for that tax year.

In New Jersey, property assessments are conducted annually, and the information reflected as of October 1st is used when calculating property taxes for the following year. Therefore, property owners need to ensure that any changes affecting their eligibility, such as ownership status or property use, are considered by this date to ensure they receive the appropriate benefits.

The other dates mentioned are not used for determining eligibility for property tax benefits in New Jersey, as they do not align with the assessment practices established by the state.