In the alternate method for omitted assessments, what is the first step the assessor takes?

The first step the assessor takes in the alternate method for omitted assessments is to levy the omitted assessment. This action involves officially imposing the omitted tax amount on the property in question, which acknowledges the oversight in the previous assessments. By doing this, the assessor ensures that the tax liability is documented and made enforceable.

Levying the omitted assessment also serves to inform the taxpayer of their updated tax obligation resulting from the correction. This step is crucial in the overall process, as it allows the jurisdiction to recover the taxes that were previously not collected due to the omission.

In contrast, notifying the taxpayer to attend a hearing would typically occur later in the process, after the assessment has been levied and the taxpayer has been formally advised of the changes. Correcting any previous assessments is also part of the process but follows the initial action of levying the omitted assessment. Submitting a request to the County Board of Taxation (CBT) is not the initial action but rather a step that could be related to disputing or reviewing the assessment after it has been levied.