When does the State Board of Taxation publish its valuation guidelines?

The State Board of Taxation publishes its valuation guidelines annually by April 1st. This timing is essential because it aligns with the assessment cycle, allowing assessors to update their practices based on the latest standards and valuations set forth by the Board. These guidelines provide critical information on property valuation methodologies, ensuring uniformity and fairness in taxation across different municipalities. By having the guidelines available by April 1st, assessors can effectively implement them for the upcoming assessment year, helping to maintain accuracy and transparency in property evaluations. The choice of an annual schedule reflects the need for regular updates to accommodate changes in market conditions and assessment practices.