54:4-5a. Remission of county taxes

121 words·~1 min read·/nj/title-54/chapter-4/54-4-5a

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any taxing district in which there has been located a county institution, other than an educational institution or parklands, regardless of whether such lands are owned and occupied by a park commission or by any other department, division, agency or instrumentality of the county government, which occupies more than 200 acres, and which constitutes at least 5% of the total land area of the taxing district, shall have remitted or rebated by the county treasurer a sum equal to a percentage of the county tax rate applied to the entire amount of ratables remaining subject to taxation, according to the following schedule:

1982 45%

1983 40%

1984 30%

1985 15%

1986 15%

1987 and thereafter 0%

L.1982, c. 36, s. 1.