New Jersey Statutes
§ 54:5-113.5 — Sale of total property tax levy by municipality
New Jersey § 54:5-113.5
JurisdictionNew Jersey
Title 54TAXATION
This text of New Jersey § 54:5-113.5 (Sale of total property tax levy by municipality) 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. § 54:5-113.5 (2026).
Text
16.
a.Notwithstanding the provisions of any other law, rule or regulation to the contrary, a municipality may, by resolution of the governing body, agree to sell its total property tax levy, which may include the sale of any subsequently created property tax lien certificates relating to delinquent properties, to a third party at a public sale. If the municipality decides to sell its total property tax levy, the sale shall be either by public sale with sealed bids or by public auction, to the highest responsible bidder, subject to the terms and conditions of law and the bid specifications. The sale shall be held after a copy of the public notice of sale stating the manner of submitting and method of receiving the bids and the time and place of sale has been published in a legal newspaper
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Nearby Sections
15
§ 54:5-1
Short title§ 54:5-104.100
Conveyance of outstanding interest against certain residential realty; payment; action to compel conveyance§ 54:5-104.101
Applicability of law§ 54:5-104.102
Benefits and disabilities; application to successors in interest; agreements to defeat operation of Act§ 54:5-104.103
Definition of phrase "thought to be owned"§ 54:5-104.29
Short title§ 54:5-104.33
No personal judgment shall be entered§ 54:5-104.35
Resolution by governing body§ 54:5-104.36
Jurisdiction§ 54:5-104.37
Fees to be paid on institution of action§ 54:5-104.41
Complaint to be filed with tax collector; county recording officer and Attorney-General§ 54:5-104.42
NoticeCite This Page — Counsel Stack
Bluebook (online)
New Jersey § 54:5-113.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/54/54%3A5-113.5.