New Jersey § 54:4-2.25 Standard of value for assessment of real property;  taxable value

New Jersey Statutes

§ 54:4-2.25 — Standard of value for assessment of real property; taxable value

New Jersey § 54:4-2.25

Title 54TAXATION

This text of New Jersey § 54:4-2.25 (Standard of value for assessment of real property; taxable value) 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. § 54:4-2.25 (2026).

Text

All real property subject to assessment and taxation for local use shall be assessed according to the same standard of value, which shall be the true value of such real property and the assessment shall be expressed in terms of the taxable value of such property, which taxable value shall be that percentage of true value as shall be established by each county board of taxation as the level of taxable value to be applied uniformly throughout the county. L.1960, c. 51, s. 1.

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

All real property subject to assessment and taxation for local use shall be assessed according to the same standard of value, which shall be the true value of such real property and the assessment shall be expressed in terms of the taxable value of such property, which taxable value shall be that percentage of true value as shall be established by each county board of taxation as the level of taxable value to be applied uniformly throughout the county. L.1960, c. 51, s. 1.