New Jersey § 54:3-18

§ 54:3-18.

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, or not later than May 25 in the cases of a county board of taxation participating in the demonstration program established

in section 4 of P.L.2013, c. 15 ( C.54:1-104 ) , a county board of taxation of a county operating under the “Property Tax Assessment

Reform Act,” P.L.2009, c. 118 ( C.54:1-86 et seq. ) , and a county board of taxation of a county that has adopted, by resolution, the

provisions of section 1 of P.L.2018, c. 94 ( C.54:1-105 ) . 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.