From where does the standard for assessment in New Jersey derive?

The standard for assessment in New Jersey derives primarily from the Administration Code, which governs the procedures and requirements for property assessment within the state. This code provides the legal framework and guidelines that assessors must follow to ensure property assessments are consistent, equitable, and in compliance with state law.

The Administration Code includes specific provisions related to the assessment of real property, the qualification and duties of tax assessors, and the methodology for determining the fair market value of properties. By adhering to these standards, assessors are able to create assessments that can withstand scrutiny and provide a basis for tax collection that is fair and justifiable.

In contrast, local tax laws may apply to specific municipalities and offer guidelines at a more localized level. Federal regulations pertain to national standards and may not directly influence state property assessment procedures. State auditor's guidelines could provide oversight and recommendations but do not establish the fundamental legal standards for assessments like the Administration Code does.