What must be done if the Board of Taxation indicates a property was omitted from assessment?

When the Board of Taxation determines that a property was omitted from assessment, it is essential for the assessor to take specific actions to rectify the oversight. The correct action is to enter the property and the assessment per judgment issued by the Board. This means that the assessor is responsible for officially documenting the property and its assessed value so that it can be included in the tax rolls. This process ensures that the property is subject to appropriate taxation in the future.

This action is important as it allows for equitable taxation practices within the municipality. It allows the assessment records to be accurate and reflective of the total properties for tax purposes. In the event of an omitted property, failing to update the assessment would lead to unequal tax burdens among property owners. Thus, the assessment must be amended according to the Board of Taxation’s decision.

In this context, the other options would not provide the appropriate resolution to the issue raised by the Board of Taxation regarding the omission. Auctioning the property would not rectify the assessment or address the need for correct taxation. Simply decreasing the property value is not a relevant response to addressing an omitted assessment. Lastly, while notifying the prior owner could be a valid consideration, it is not a direct action tied to the assessment itself, which is