Equalized valuation figures used in the Annual Debt Statement and Supplemental Debt Statement are compiled by which agency?

Equalized valuation figures used in the Annual Debt Statement and Supplemental Debt Statement are compiled by which agency?

• A. Division of Local Government Services
• B. State Division of Taxation
• C. Office of the Treasurer
• D. Department of Community Affairs

Answer: (B)

Equalized valuation figures are the standardized property value figures used for debt calculations; they come from the State Division of Taxation. This agency compiles statewide equalization data to convert local assessed values into a common basis, the equalized valuations, which are then used in the Annual Debt Statement and Supplemental Debt Statement to determine a municipality’s debt capacity and compliance with statutory debt limits. While other agencies handle different aspects of municipal finances, the actual compilation of equalized valuations rests with the State Division of Taxation.

Equalized valuation figures are the standardized property value figures used for debt calculations; they come from the State Division of Taxation. This agency compiles statewide equalization data to convert local assessed values into a common basis, the equalized valuations, which are then used in the Annual Debt Statement and Supplemental Debt Statement to determine a municipality’s debt capacity and compliance with statutory debt limits. While other agencies handle different aspects of municipal finances, the actual compilation of equalized valuations rests with the State Division of Taxation.