New Jersey property-tax definition
Common level range
The Chapter 123 corridor around a municipality's certified ratio, generally 15% above and below the average ratio.
Worked New Jersey example
Gloucester Township's 56.95% ratio produces a certified range approximately 48.41% to 65.49% for tax year 2026.
Why it matters
Watchdog keeps the definition beside the property data so users can distinguish an observed public record from an interpretation or derived screening signal.
Official source
For homeowners
Use the term to understand what a tax or assessment record is actually saying before assuming it represents market value or a future bill.
For professionals
Keep the source and observation date with the number, verify the authoritative record, and document any calculation or professional conclusion separately.