Which entities have the authority to order a revaluation?

The authority to order a revaluation primarily rests with the County Tax Board and the Director of the Division of Taxation in New Jersey. This is due to their regulatory oversight of property taxation and the need to ensure equity and uniformity in property assessments across municipalities. The County Tax Board can require a municipality to conduct a revaluation to correct any discrepancies or inequities that arise in the property tax system, while the Director of the Division of Taxation plays a critical role in monitoring and enforcing compliance with state laws and regulations related to taxation.

In contrast, municipal governing bodies, local tax assessors, and the state legislature have different roles in the property tax process. Municipal governing bodies may influence tax policy or make decisions regarding local budgets and taxes, but they must adhere to the broader regulations set forth by the County Tax Board and the Division of Taxation. Local tax assessors are responsible for assessing properties but do not have the authority to mandate a revaluation; they implement the policies and guidelines established by the authoritative entities. Lastly, while the state legislature creates laws governing taxation, it does not directly order a revaluation but rather empowers other entities to carry out such actions when necessary.