Who establishes the standards that must be adhered to by employees of a revaluation firm?

The State Director, Division of Taxation is responsible for establishing the standards that employees of a revaluation firm must adhere to. This position is crucial because it ensures that all revaluation activities meet state laws and regulations, helping to maintain a consistent and fair approach to property assessments across New Jersey. The State Director sets the framework within which revaluation firms operate, thereby ensuring transparency, accuracy, and professionalism in the assessment process.

Other roles, such as the Tax Assessor or the County Board of Taxation, may have their responsibilities in overseeing and managing local property taxes and assessments, but the overarching standards for revaluation firms come from the state level. The revaluation firm itself may develop operational procedures, but they must align with the state standards set forth by the Division of Taxation to remain compliant with the law.