Title 54, Title 54: TAXATION

54:4-2.32. Partial invalidity If any clause, sentence, paragraph, section or part of this act shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation…

54:4-2.33. Repeals Sections 54:1-31, 54:1-32, and 54:4-3.16 of the Revised Statutes are hereby repealed but only in respect to the taxation of property for the year 1962 and thereafter. L.1960, c. 51, s. 37.

54:4-2.34. Applicability of act Section 13 of this act shall apply to taxes on tangible household personal property and personal effects due and payable in the year 1962 and thereafter, and the remainder of this act shall apply to real and personal property taxes due and payable …

54:4-2.35. Intention of legislature It is the intention of the Legislature that all pertinent statutes be revised in order that they may reflect the policies embodied in the provisions of this act, and for that purpose the State Treasurer is hereby directed to prepare, or cause t…

54:4-2.37. Time of performance Whenever, under the act to which this act is amendatory and supplementary, an act is required to be performed upon a date in 1961, such act shall be performed on the corresponding date in 1963. L.1962, c. 20, s. 2.

54:4-2.38. Time of performance Whenever, under the act to which this act is amendatory and supplementary, an act is required to be performed upon a date in 1961, such act shall be performed on the corresponding date in 1964. L.1963, c. 9, s. 2.

54:4-2.39. Return of tangible personal property used in business On or before August 1, 1963, each person owning tangible personal property used in business within the taxing district during any part of the 12-month period ending December 31, 1962 shall prepare and file with the …

54:4-2.4. Leasehold less than calendar year; proportionate assessment Where the whole or any part of the term of such leasehold estate in any calendar year is less than the whole of such calendar year, the assessment for such year shall be that proportion of the amount of the ass…

54:4-2.40. Failure to file return; penalty Any property owner required to file a return under this act, who fails or neglects to file a return within the time prescribed herein or who shall file a willfully false or fraudulent return, shall be assessed as a penalty of $25.00 per …

54:4-2.41. Use of returns; destruction The returns required to be filed under this act shall not be used as a basis for determination of any assessment or any imposition of a tax but shall be used by the director only for the purpose of compiling and tabulating statistical inform…

54:4-2.42. Confidential nature of returns (a) All returns filed pursuant to this act shall be considered confidential and privileged and neither the director nor any employee in the Division of Taxation or any employee charged with the custody of such returns or any other person …

54:4-2.43. Co-operation and assistance of assessors and public officials The assessors and public officials of the municipalities of the State concerned with the application of the provisions of chapters 4 and 4a of Title 54 of the Revised Statutes shall co-operate with the Divis…

54:4-2.44. Standard of value; assessment 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…

54:4-2.45. True value of property; determination and reporting The true value of taxable tangible personal property used in business owned by a taxpayer shall be presumed to be the original cost of such property less depreciation as of the assessment date, as shown by the books a…

54:4-2.46. Time of determining true value; assessment date The true value of tangible personal property used in business subject to taxation shall be determined as of January 1, 1967 which shall be the assessment date with respect to taxes payable in the year 1968, and as of Janu…

54:4-2.47. Taxable value of tangible personal property; computation (a) The taxable value of tangible personal property used in business subject to taxation in each taxing district shall be at that percentage of true value as shall correspond to the average ratio of assessed to t…

54:4-2.48. Return of taxable personal property; filing; review, audit and determination On or before September 1, 1967, and on or before September 1 in each year thereafter, any person owning tangible personal property used in business subject to taxation on the preceding assessm…

54:4-2.49. Failure to file return; penalty If any taxpayer shall refuse or neglect to file a return as required by the preceding section, the assessor shall value the taxable personal property of such taxpayer at such amount as he may, from any information in his possession or av…

54:4-2.49a. No first year payment Notwithstanding the provisions of chapter 4 of Title 54 of the Revised Statutes, there shall be no payment of the personal property taxes required by telecommunications carriers other than local exchange telephone companies that would be paid dur…

54:4-2.5. Added Assessment Lists Assessments on such leasehold estates commencing between January first and October first of any year shall be entered in the Added Assessment List, 19, for such year, and assessments on such leasehold estates commencing between October first and J…

54:4-2.50. Rules and regulations The director shall make, promulgate and enforce uniform rules and regulations for the administration of this act. L.1966, c. 138, s. 10.

54:4-2.51. Partial invalidity If any provision of this act, or any application of any provision, is held invalid, the invalidity shall not affect other applications of the provision, or other provisions of the act, which reasonably can be given effect despite the invalidity. L.19…

54:4-2.52 Repealed 12. The following statutes are hereby repealed but only with respect to tangible personal property used in business for the year 1968 and thereafter. a. Sections 4, 5, 6, 12 and 13 of chapter 51 of the laws of 1960 and all amendments of such sections; b. Sectio…

54:4-2.53. Application of act This act shall apply to real and personal property taxes due and payable in the year 1968 and thereafter and shall not affect the obligation, lien or duty to pay any taxes, interest or penalties which have accrued or may accrue by virtue of any asses…

54:4-2.6. Collection of taxes on leasehold estate Taxes on such leasehold estate shall be collected, accounted for, and the amount thereof to be paid to the county shall be determined and paid, as are taxes on real estate entered in the Added Assessment List, 19. L.1949, c. 177, …

54:4-2.7. Appeal Lessees of such leasehold estates shall have the same right of appeal and shall be subject to the same limitations thereon as owners of real estate; and said appeals shall be governed by the laws concerning appeals from other real property, assessment of which is…

54:4-2.8. Lien upon leasehold estate Such taxes shall, until paid, be a lien upon said leasehold estate and the lessee, or his assignee, shall be personally liable therefor. L.1949, c. 177, p. 567, s. 6.

54:4-2.9. Proportionate cancellation on termination of leasehold estate Any lessee or his assignee whose estate is terminated prior to the term granted by the lessor, upon presentation to the governing body of the municipality of proof of the cancellation by said lessor of said l…

54:4-20. Exemption of personal property of life insurance companies subject to franchise tax The personal property of whatever kind and wherever located of any life insurance company incorporated under any law of this State subject under any law of this State to a franchise tax i…

54:4-23 Assessment of real property; conditions for reassessment. 54:4-23. All real property shall be assessed to the person owning the same on October 1 in each year. The assessor shall ascertain the names of the owners of all real property situate in his taxing district, and af…

54:4-23.1. Short title This act shall be known and referred to by its short title, the "Farmland Assessment Act of 1964." L.1964, c. 48, s. 1.

54:4-23.10. Determination of true value of land for purposes of state school aid and determining apportionment valuation The Director of the Division of Taxation in equalizing the value of land assessed and taxed under this act for the purposes of State school aid, and each count…

54:4-23.11. Area of land included 11. In determining the total area of land actively devoted to agricultural or horticultural use there shall be included the area of all land under barns, sheds, seasonal farm markets selling predominantly agricultural products, seasonal agricultu…

54:4-23.12. Structures valued, assessed and taxed; "single use agricultural or horticultural facility defined; rules, regulations 12. a. All structures, which are located on land in agricultural or horticultural use and the farmhouse and the land on which the farmhouse is located…

54:4-23.13. Determination of eligibility of land for valuation, assessment, taxation. 13. Eligibility of land for valuation, assessment, and taxation under this act shall be determined for each tax year separately. Application shall be submitted by the owner to the assessor of th…

54:4-23.13b. Notice of disallowance 1. Where an application for valuation hereunder has been filed by the owner of land within the time provided herein, the assessor of the taxing district in which such land is situated shall, on or before November 1 of the pretax year, forward t…

54:4-23.13c. Eligibility of land for certain use relative to livestock 8. If any application for valuation, assessment and taxation under P.L.1964, c.48 (C.54:4-23.1 et seq.) made for the 1993 tax year or later, which was denied based on a determination that the use of land for b…

54:4-23.14 Application form; contents; violations, penalties. 14. a. Application for valuation, assessment, and taxation of land in agricultural or horticultural use under P.L.1964, c.48 shall be on a form prescribed by the Director of the Division of Taxation in the Department o…

54:4-23.14a Internet-based application portal, application for valuation, assessment, taxation under “Farmland Assessment Act of 1964.” 5. a. The Division of Taxation in the Department of the Treasury shall design and implement an Internet-based application portal through which t…

54:4-23.15. Continuance of valuation, assessment and taxation under act Continuance of valuation, assessment and taxation under this act shall depend upon continuance of the land in agricultural or horticultural use and compliance with the other requirements of this act and not u…

54:4-23.15a. Mailing of form to claim continuance of valuation, assessment and taxation; notice of filing requirement On or before July 1 the assessor shall mail to each taxpayer whose land has been valued, assessed, and taxed for the then current tax year pursuant to the "Farmla…

54:4-23.16. Separation or split off of part of land Separation or split off of a part of the land which is being valued, assessed and taxed under this act, either by conveyance or other action of the owner of such land, for a use other than agricultural or horticultural, shall su…

54:4-23.18. Location of contiguous land in more than one taxing district Where contiguous land in agricultural or horticultural use in one ownership is located in more than one taxing district, compliance with the 5-acre minimum area requirement shall be determined on the basis o…

54:4-23.19. Tax list and duplicate; factual details The factual details to be shown on the assessor's tax list and duplicate with respect to land which is being valued, assessed and taxed under this act shall be the same as those set forth by the assessor with respect to other ta…

54:4-23.2. Value of land actively devoted to agricultural or horticultural use For general property tax purposes, the value of land, not less than 5 acres in area, which is actively devoted to agricultural or horticultural use and which has been so devoted for at least the 2 succ…

54:4-23.20 State Farmland Evaluation Committee. 20. a. There is hereby created a State Farmland Evaluation Committee, the members of which shall be the Director of the Division of Taxation; the Dean of the College of Agriculture, Rutgers, The State University; the Secretary of Ag…