By when must CTAs certify new construction assessments to the CFO and the director of local government services?

Certified Tax Assessors (CTAs) are required to certify new construction assessments to the Chief Financial Officer (CFO) and the Director of Local Government Services by January 31. This timeline is crucial because it aligns with the annual assessment process and ensures that any changes in property value due to new construction are accounted for in the upcoming tax year.

By certifying these assessments by the end of January, CTAs allow municipalities to adequately plan their budgets and tax rates in consideration of the new properties and improvements on the tax rolls. This systematic approach helps in maintaining accuracy in property taxation and is essential for effective municipal finance management.

This deadline is set to ensure that the assessments are timely and allow for the necessary administrative processes to be executed before the municipal budget must be finalized, which is why January 31 is the correct answer.