What are the two major purposes of the Director's Table of Equalized Valuations?

The Director's Table of Equalized Valuations serves two primary functions that are crucial for the accurate distribution of state resources in New Jersey. One major purpose is to ensure that state school aid is allocated fairly among municipalities. This allocation is based on the equalized valuation of property within each district, thereby helping to equalize funding for educational services across diverse regions.

In addition, the table is used for the distribution of county apportionment, which is how the county tax burden is divided among municipalities. By establishing a standard for property valuations, the Director's Table aids in achieving a more equitable sharing of the tax responsibilities at the county level.

Both of these functions contribute to a balanced system of taxation and aid distribution, enabling municipalities to better serve their residents while maintaining financial equity across the state. The other options highlight various aspects of property taxation and assessment but do not align with the core purposes of the Director's Table in terms of state funding and resource distribution.