When must the second list of assessments be retained by the Assessor?

The second list of assessments must be retained by the Assessor indefinitely because it serves as an essential historical record of property assessments for the municipality. This continuous retention supports transparency in public records and allows for future reference in appeals, revaluations, and any necessary adjustments that may arise. Keeping these records indefinitely ensures that there is a clear documentation trail of how properties were assessed over time for both accountability and to comply with statutory requirements.

While other choices may imply temporary retention without considering the long-term need for historical data, the indefinite retention aligns with best practices in property tax assessment and record-keeping. Maintaining this information is crucial for providing continuity, establishing consistency in assessment practices, and assisting taxpayers and officials in understanding the historical context of property valuations.