Property Taxation Overview

Study Notes

Basic Functions

The three primary roles involved in property taxation are the County Board of Taxation, Municipal Tax Assessor, and Municipal Tax Collector.

Property Taxes

Taxes exist on properties after the Tax Assessor assesses the property and applies the tax rate.

Tax Appeals

Direct tax appeals can be heard by the State Tax Court if assessed value exceeds $1 million, or if there's an appeal from the County Board of Taxation's judgement.

County Board of Taxation

A state-established entity responsible for equalizing, revising, reviewing, and enforcing tax values in the county.

Composition of the County Board

Comprised of 5 members, appointed by the governor based on the county’s class and population, with political party representation restrictions.
Members must be residents of the county and hold a Certified Tax Assessor certification from Rutgers within 24 months of their appointment.

Salaries of County Tax Board

Salaries are determined by state statute and are disbursed by the State Treasurer. The president of the board earns a higher salary and must file an annual report.

Statutory Responsibilities

Charged with securing equitable taxation of all properties within the county and ensuring fair tax distribution.
Responsibilities include adopting standardized appeal rules, issuing necessary directions, and conducting periodic property inspections.

County Tax Administrator Appointments

Each County Board appoints a County Tax Administrator for a 3-year term, requiring full-time commitment and specific certifications.
The position may become vacant if qualifications aren't met within the required time frame.

Responsibilities of County Tax Administrator

Oversees administrative functions of the County Board of Taxation and directs municipal assessors.

Equalization Table Submission

The County Administrator must prepare and submit an equalization table detailing the ratio and values determining each municipality's share of the county budget by March 1st.

Public Hearing for Equalization Table

The County Board of Taxation must hold a meeting and public hearing regarding the equalization table by March 10th.

Removal Process for County Tax Administrator

Removal requires "just cause," supported by written charges filed with the County Board President.
The administrator is entitled to a fair trial, with the option to appeal the County Board’s decision within 45 days to the Division of Taxation.

Description

This quiz covers the fundamental aspects of property taxation, including the roles of various entities such as the County Board of Taxation and Municipal Tax Assessors. It explores the processes of property assessment, the appeal mechanisms available, and the composition of the County Board. Test your knowledge on these key concepts in property taxation!

Property Taxation Overview

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Questions and Answers

What three basic functions interact frequently?

Why do taxes on a property exist?

Who may hear direct tax appeals?

What is the County Board of Taxation?

What is the composition of the County Board of Taxation?

County Tax Board salaries are?

County Board of Taxation is charged by statute to?

Each County Board of Taxation appoints?

County Tax Administrator is responsible for?

When must the County Administrator prepare and submit to the County Board of Taxation an equalization table?

When must the County Board of Taxation hold a meeting and public hearing for the equalization table?

What is the process for the removal of a tenured County Tax Administrator?