What document must be submitted for property tax rate approval in municipalities?

The document that must be submitted for property tax rate approval in municipalities is the annual municipal budget. This budget outlines the municipality's planned expenditures and corresponding revenue needs, including the proposed property tax rate required to generate the necessary funds for municipal operations and services.

The annual budget is crucial because it reflects the financial priorities of the municipality and serves as a transparent measure of how public funds will be allocated. Approval of this budget is typically required by a governing body, ensuring that all financial decisions are made in accordance with state laws and regulations.

Other documents, such as the property tax assessment roll, comprehensive tax code, and municipal financial report, may provide additional context or details about property taxes but are not the primary documents needed for the approval of the tax rate itself. They serve different purposes, such as assessing property values, providing tax policy guidelines, or summarizing financial health, but the annual municipal budget is specifically designed to detail and justify the tax rate proposed for that fiscal year.