New Jersey § 54:4-2

§ 54:4-2.

On or before September 1, 1967, and on or before September 1 in each year thereafter,

any person owning tangible personal property used in business subject to taxation

on the preceding assessment date shall prepare and file with the assessor of the taxing

district where the property is located a return of such taxable personal property

in such form and containing such information relating thereto as the Director of the

Division of Taxation shall prescribe. The return shall list such property for taxation according to its true value as

of the preceding assessment date, and a separate return shall be required for personal

property situated in each taxing district. All such returns shall be verified by the owner or his authorized agent under the

penalty of perjury. The assessors of the respective taxing district shall review and audit the returns

and determine the taxable valuations of each taxpayer. On or before January 10 in each year, the respective assessors shall complete such

review, audit and determination. The assessor of each taxing district shall include in his tax list and duplicate

the taxable valuations of tangible personal property determined by him.