New Jersey property-tax definition
SR-1A
New Jersey's property-transfer and sales-ratio record used by the Division of Taxation in equalization and assessment analysis.
Worked New Jersey example
Watchdog uses state-verified usable sales rather than treating every recorded transfer as an arm's-length comparable.
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.