There is hereby established a Board of Assessments
pursuant to N.J.S.A. 40:56-21.
The Board of Assessments shall be responsible
for the making of all assessments for local improvements under N.J.S.A.
40:56-1 et seq. The Board of Assessments shall also be responsible
for the conducting of hearings regarding local assessments in connection
with local improvements in accordance with the applicable law. The
Board of Assessments shall have the power to examine witnesses under
oath to be administered by any member of such Board. The Board of
Assessments shall make a just and equitable assessment of the benefits
conferred upon any real estate by reason of any local improvement,
having due regard to the rights and interest of all persons concerned,
as well as to the value of the real estate benefited.