Reassessment is to be completed as of and filed in the tax year . 2. [...] More than 50% of the line items must be changed to be recognized as a reassessment. [...] A thorough inspection of the exterior of all improvements noting pertinent physical Disagree property characteristics and accurately obtaining or verifying outside building dimensions will be made. Agree 2. [...] The Real Property Appraisal Manual for New Jersey Assessors will be used to Disagree develop appropriate depreciated replacement costs for all residential improvements as of the October 1 pretax year assessment date. Agree 5. [...] All exempt property assessments will be updated to current values as of the Disagree October 1 pretax year assessment date. Agree 6. [...] All land assessments will be updated to current values as of the October 1 pretax Disagree year assessment date using generally accepted land valuation procedures. Agree 7. [...] All property sales occurring within the past three years will be analyzed: and Disagree significant data extracted from appropriate sales will be used to develop pertinent factors, adjustments, tables, and/or schedules for determining current market values as of the October 1 pretax year assessment date. Agree 9. [...] All owners of income-producing property will be requested to submit income and Disagree expense information as provided under N.J.S.A. 54:4-34. Agree 10. [...] All applicable approaches to value will be employed in the property valuation Disagree process and will be reconciled to determine a final assessed value for each property as of October 1 of the pretax year.Agree 11. [...] I understand more than 50% of the line items must be changed to be recognized as a reassessment and utilize the Page 8 Formula.
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