54:3-18 - Meeting to review equalization table; hearing and notice - New Jersey Statutes

54:3-18.  Meeting to review equalization table;  hearing and notice
    The county board of taxation in each county shall meet annually for the purpose of reviewing the equalization table prepared pursuant to R.S. 54:3-17 with respect to the several taxing districts of the county.  At the meeting a hearing shall be given to the assessors and representatives of the governing bodies of the various taxing districts for the purpose of determining the accuracy of the ratios and valuations of property as shown in the equalization table, and the board shall confirm or revise the table in accordance with the facts.  The hearings may be adjourned from time to time but the equalization shall be completed before March 10.  At the first hearing any taxing district may object to the ratio or valuation fixed for any other district, but no increase in any valuation as shown in the table shall be made by the board without giving a hearing, after 3 days' notice, to the governing body and assessor of the taxing district affected.

     Amended by L.1960, c. 51, s. 20;  L.1964, c. 248, s. 1;  L.1979, c. 499, s. 12,  eff. Jan. 1, 1980.