What is the deadline for counties to approve property tax rates in New Jersey?

The correct response indicates that counties in New Jersey must approve property tax rates by July 15th. This date is crucial, as it falls within the timeline established by the New Jersey Division of Taxation, which outlines the necessary steps for the property tax assessment process.

By this date, counties are required to adopt a budget based on the property tax rates that will fund local services, schools, and other governmental functions. This timeframe ensures that municipalities can set their tax bills and notify property owners accordingly, allowing sufficient time for property tax collection operations to be carried out smoothly for the upcoming tax year.

Other options, while they may represent important dates within the property tax calendar, do not align with the specific requirement for the approval of tax rates.