When is the Director’s Table promulgated?

The Director’s Table is a crucial tool in property assessment, and its promulgation is significant for the approval of property tax assessments. It is issued by the Division of Taxation, and the stipulation that it must be completed on or before October 1 is essential to ensure that assessors have the necessary information to establish property values for the upcoming tax year.

This timeline allows assessors to utilize the data during their assessments, impacting the fiscal planning for municipalities and ensuring transparency and equity in property taxation. The October 1 deadline is strategically set to align with the typical assessment calendar, so local taxing authorities can incorporate this information when finalizing property values for the next tax year.

In contrast, the other options are either too early or irrelevant to the context of the assessment cycle, as they do not align with the legal framework surrounding the issuance and use of the Director’s Table.