New Jersey § 40:60-25.9 Other property may also be purchased

New Jersey Statutes

§ 40:60-25.9 — Other property may also be purchased

New Jersey § 40:60-25.9

Title 40MUNICIPALITIES AND COUNTIES

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Bluebook

N.J. Stat. Ann. § 40:60-25.9 (2026).

Text

In order to effect the purchase of the tax exempt property and, with the owner's consent, the extinguishment in perpetuity of the owner's privilege of exemption from local taxation as provided in section one of this act, any municipality purchasing such tax exempt property may also purchase other property of the owner of the tax exempt property whether such other property is located within or without the municipality. L.1944, c. 206, p. 730, s. 3, eff. April 21, 1944.

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In order to effect the purchase of the tax exempt property and, with the owner's consent, the extinguishment in perpetuity of the owner's privilege of exemption from local taxation as provided in section one of this act, any municipality purchasing such tax exempt property may also purchase other property of the owner of the tax exempt property whether such other property is located within or without the municipality. L.1944, c. 206, p. 730, s. 3, eff. April 21, 1944.