List of New Jersey's 21 County Boards of Taxation Atlantic County 1333 Atlantic Ave. Gloucester County CC Budd Blvd. Hudson County 567 Pavonia Ave. Each year the Division publishes a Table of Equalized Valuations showing the average ratio or assessed value to true value of real estate in each of the 566 local taxing districts. Equalized valuations are also the basis for apportioning county taxes among local taxing districts and for apportioning the tax cost for a large number of regional school districts among component taxing districts.
Equalized valuations are also the basis for measuring debt limits for local governmental units.
An overall district average weighted ratio is calculated for all classes as a weighted average of separate ratios calculated for each class. This averaging has the two-way advantage of avoiding abrupt changes in ratio from year to year and avoiding undue influence of inadequate samples of sales of a single year. The amendment changed the definition of average ratio from an unweighted, unclassified arithmetic average to the average ratio as determined by the Director for Sate School Aid.