When does the County Administrator prepare and submit the Equalization Table?

The County Administrator prepares and submits the Equalization Table on March 1st. This date is significant because it marks the deadline for the completion of the equalization process, which ensures that property assessments across different municipalities are equitable. The Equalization Table essentially acts as a tool to adjust property values so that taxes can be distributed fairly based on current market conditions and assessment levels.

Having a standardized date for submitting the Equalization Table allows for a consistent approach across counties in New Jersey, enabling better coordination and ensuring that counties can meet their overall tax revenue objectives. This is particularly important as it impacts the apportionment of state aid and funding, which can affect local budgets and services heavily reliant on property tax revenue.

Other dates listed in the options do not align with the established timeline for the Equalization Table, emphasizing the importance of March 1st in the process.