54:4-2.44. Standard of value; assessment
48 words·~1 min read·
/nj/title-54/chapter-4/54-4-2-44·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The standard of value according to which tangible personal property used in business subject to taxation shall be assessed shall be the true value thereof. Such assessment shall be expressed in terms of the taxable value of the property.
L.1966, c. 138, s. 2, eff. June 17, 1966.