When does the assessment roll become effective in New Jersey?

The assessment roll in New Jersey becomes effective on January 1st of the assessment year. This date is significant because it marks the point at which all property assessments are based for that specific year. Property values, changes to properties, and any adjustments are assessed as of January 1st, and this is the date that serves as the benchmark for determining the tax liabilities of property owners for the entire assessment year.

Understanding this date is crucial for both tax assessors and property owners as it establishes the basis for all property tax calculations and adjustments during that year. Knowing when the assessment roll becomes effective helps property owners understand when their property value is locked in for that year, ultimately affecting their tax bills and any potential appeals they might consider.