What date marks the "assessment date" for property taxes in New Jersey?

In New Jersey, the assessment date for property taxes is October 1st. This date is critical because it determines the taxable value of a property for the upcoming tax year. Any changes in property value, ownership, or other factors that might affect assessments would be evaluated based on the status of the property as of that specific date. Therefore, property owners should be mindful of this date since it has implications for their tax liability.

Understanding this timeline is essential for both assessors and property owners, as it serves as the cutoff for any assessments that will influence tax bills issued in the following year. This knowledge empowers property owners to ensure they are up to date with any potential changes or disputes related to their property assessments.