What is the date for the end of the sales sampling period?

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The end of the sales sampling period is June 30th. This date is significant because it marks the point in the fiscal year when the assessment process typically looks to finalize data for the calculation of property values and related assessments. Sales data collected up to this point is crucial for ensuring that property assessments are fair and reflect current market conditions.

Using sales data up until June 30th allows for a comprehensive analysis and benchmarking of selling prices, which is essential for the accuracy of property assessments in New Jersey. This period aligns with the common practice in many assessment cycles, helping to standardize the assessment process and ensure that assessors have a clear timeline for evaluating property sales.

The other dates mentioned do not align with the established timeline for the sales sampling period, making June 30th the correct choice.

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