What must be completed by May 20th regarding county tax rates?

The requirement to complete the Table of Aggregates by May 20th is crucial for ensuring proper tax rate calculations for the upcoming tax year. The Table of Aggregates serves as a summary of the total assessed values of all properties within a municipality, along with the total amount to be raised by taxation. This data is essential for the county tax board to determine the appropriate tax rates for local municipalities.

Completing this table by the deadline allows for accurate planning and allocation of tax rates, which impacts the funding for public services such as education, law enforcement, and infrastructure. Any delays in this process could cause a ripple effect, potentially affecting revenue collection and local government operations.

While other options, such as tax bills and tax duplicates, are also important in the tax assessment process, the specific requirement for the Table of Aggregates to be finalized by May 20th underlines its role in the broader framework of tax assessment and municipal finance in New Jersey.