What is the timeframe for the assessment of new properties in New Jersey?

The correct timeframe for the assessment of new properties in New Jersey is by October 1st. This date is significant because it establishes the assessment date for property tax purposes; any property that has not been assessed by this date will typically not be included in that year's tax roll. Assessors must complete their evaluations and finalize their lists by this date to ensure that the information is current and reflects any developments in the market or newly constructed properties.

In New Jersey, this deadline ensures consistency and provides a clear timeframe for property owners to be aware of when assessments are conducted. Understanding this date is critical for both assessors and property owners, as assessments made after October 1st would often roll over into the next tax year, impacting tax liabilities.