New Jersey § 40:60-25.31 Property acquired to be self-supporting and taxable

New Jersey Statutes

§ 40:60-25.31 — Property acquired to be self-supporting and taxable

New Jersey § 40:60-25.31

Title 40MUNICIPALITIES AND COUNTIES

This text of New Jersey § 40:60-25.31 (Property acquired to be self-supporting and taxable) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 40:60-25.31 (2026).

Text

To the end that affected taxing authorities may not suffer undue loss of taxes and assessments by reason of the acquisition and ownership of property therein by such a municipality, all property hereafter acquired by such a municipality for the purposes of this act, together with improvements thereon or hereafter made thereon shall be self-supporting and subject to taxation for State and local purposes, in the same manner and to the same extent as the real estate of individuals. L.1946, c. 302, p. 1006, s. 5, eff. May 6, 1946.

Free access — add to your briefcase to read the full text and ask questions with AI

To the end that affected taxing authorities may not suffer undue loss of taxes and assessments by reason of the acquisition and ownership of property therein by such a municipality, all property hereafter acquired by such a municipality for the purposes of this act, together with improvements thereon or hereafter made thereon shall be self-supporting and subject to taxation for State and local purposes, in the same manner and to the same extent as the real estate of individuals. L.1946, c. 302, p. 1006, s. 5, eff. May 6, 1946.