What is the purpose of Form SR-3A?

Form SR-3A serves a significant purpose in the realm of property assessment in New Jersey, specifically relating to the classification of real property. This form is utilized primarily for the annual determination of the weighted assessment ratio for properties, aiding in accurately valuing and classifying real estate. The real property classification process allows assessors to categorize properties based on their use, which can subsequently impact property tax rates and assessments.

The form provides essential data that enables local tax assessors to ensure compliance with state regulations regarding property assessments. By facilitating a one-year weighted ratio, Form SR-3A helps to enhance the fairness and equity of property taxes within a municipality.

Other options mentioned, while related to property assessment, do not accurately capture the primary function of Form SR-3A. The mention of transferring property tax liabilities and detailing code violations pertain to different aspects of property management and taxation, and the use of assessed property touches on broader strategies for implementing assessments, rather than the specific classifying role that Form SR-3A serves.