What are assessors required to file annually with the CBT regarding added and omitted assessments?

Assessors are required to file annual reports of added and omitted assessments with the County Board of Taxation (CBT). This filing is critical for ensuring accurate property tax records and to properly account for properties that may have undergone changes, such as new construction or improvements that weren't included in the previous year's assessments. The added and omitted assessment lists provide a detailed account of properties that have been added to the tax rolls or omitted from previous assessments, thereby ensuring that tax collection is fair and equitable.

Other options do not align with the specific requirements regarding added and omitted assessments. A petition for adjustments is generally filed when there is a disagreement over property valuation, and tax exemptions pertain to specific types of properties that qualify for certain tax relief, rather than the reporting of changes in assessments. Compliance reports may contain various types of information but do not specifically relate to the matter of added and omitted assessments that the assessors must report annually.