New Jersey § 54:4-50 Reductions in assessments after rate fixed;  additional payments;   determination

New Jersey Statutes

§ 54:4-50 — Reductions in assessments after rate fixed; additional payments; determination

New Jersey § 54:4-50

Title 54TAXATION

This text of New Jersey § 54:4-50 (Reductions in assessments after rate fixed; additional payments; determination) 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. § 54:4-50 (2026).

Text

When assessments in a taxing district are reduced subsequent to the date when the county board of taxation has determined the amount of money to be raised in the taxing district on account of a state tax at a fixed rate, so that, pursuant to that determination, an excess over the amount which would have been payable if the assessments had been reduced before that date, must be paid to the county treasurer from the taxing district, the county board shall ascertain the amount of such excess.

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When assessments in a taxing district are reduced subsequent to the date when the county board of taxation has determined the amount of money to be raised in the taxing district on account of a state tax at a fixed rate, so that, pursuant to that determination, an excess over the amount which would have been payable if the assessments had been reduced before that date, must be paid to the county treasurer from the taxing district, the county board shall ascertain the amount of such excess.