What must assessors do annually concerning the Grand List?

Assessors are required to prepare and submit the Grand List annually to the state, ensuring that the information included is accurate and complies with legal standards. The Grand List is a comprehensive record of real and personal property within a municipality and includes assessed values for taxation purposes. This list is crucial for calculating the property tax revenue that funds local services.

By submitting the Grand List, assessors ensure transparency and accountability in the property assessment process, enabling the state to review and monitor the assessments made at the local level. This submission reflects the assessors' duties in maintaining accurate and fair assessments, which are vital for upholding the integrity of the tax system and ensuring that taxation is equitably distributed among property owners.

The other options, while they may represent activities related to property assessments, do not capture the primary responsibility of assessors with regard to the Grand List. Conducting informal assessments or updating property values based on neighboring assessments may occur but do not fulfill the formal requirement of submitting an accurate Grand List. Similarly, publishing the Grand List in a local newspaper might be a good practice for public engagement, but it is not a statutory requirement for assessors.