New Jersey § 54:4-63.28 Time when exemption ceased as affecting time of assessment

New Jersey Statutes

§ 54:4-63.28 — Time when exemption ceased as affecting time of assessment

New Jersey § 54:4-63.28

Title 54TAXATION

This text of New Jersey § 54:4-63.28 (Time when exemption ceased as affecting time of assessment) 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. § 54:4-63.28 (2026).

Text

All such property shall be assessed and taxed as follows: If the right to exemption ceased in any tax year, the property shall be assessed and taxed as of the first day of the month following the date when the right to exemption ceased, for the proportionate part of the said year then remaining. The amount of tax shall be determined by multiplying the amount which the tax would be if such tax were for the entire year by the number of whole months remaining in the calendar year after the date when the right to exemption ceased and dividing the result by 12. L.1949, c. 144, p. 525, s.

3.Amended by L.1974, c. 103, s. 2, eff. Oct. 1, 1974.

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All such property shall be assessed and taxed as follows: If the right to exemption ceased in any tax year, the property shall be assessed and taxed as of the first day of the month following the date when the right to exemption ceased, for the proportionate part of the said year then remaining. The amount of tax shall be determined by multiplying the amount which the tax would be if such tax were for the entire year by the number of whole months remaining in the calendar year after the date when the right to exemption ceased and dividing the result by 12. L.1949, c. 144, p. 525, s. 3. Amended by L.1974, c. 103, s. 2, eff. Oct. 1, 1974.