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N.J.S.A. § 54:1-20.

Increase of assessments to equalize valuations

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.us
Summarize

If it shall appear that the value of any property contained in a taxing district or county, including railroad and canal property bearing the common burden, is relatively less than the value of other property contributing by taxation to a common burden, or that real or personal property which should be assessed therefor has been omitted from assessment, the commissioner may, after giving the notice required by sections 54:1-22 and 54:1-23 of this title, for the purpose of fixing or adjusting the proportion or quota of taxes to be levied as aforesaid, after a comparison of the values, or a like examination as to any omissions from the tax ratables, add thereto such sum or amount as shall seem equitable and to be warranted by the comparison and examination.

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In this chapter (40 sections)
  1. 54:1-1. · State tax department continued; "department" defined
  2. 54:1-2. · Department; powers and duties
  3. 54:1-2.1 · Property Taxpayer Bill of Rights
  4. 54:1-6. · Commissioner to replace former board; exception
  5. 54:1-7. · Official seal; form
  6. 54:1-8. · Assistants; employment, duties and compensation
  7. 54:1-11. · Special deputy; powers continue until revoked; salary and…
  8. 54:1-12. · Commissioner may reorganize department; abolish positions
  9. 54:1-13. · Annual report to legislature; recommendations
  10. 54:1-14. · Books, records and documents; custody
  11. 54:1-15. · Municipal maps for tax purposes; preparation; authority of…
  12. 54:1-16. · Commissioner may issue subpoenas to witnesses
  13. 54:1-17. · Oaths administered; order compelling person to submit to…
  14. 54:1-18. · Investigation of irregularity or inequality of assessments
  15. 54:1-19. · Examination of assessors and other witnesses; view premises
  16. 54:1-20. · Increase of assessments to equalize valuations
  17. 54:1-21. · Decrease and equalization of assessments
  18. 54:1-22. · Notice to assessor and owner before change
  19. 54:1-23. · Notice and publication; service
  20. 54:1-24. · Taxes to conform to corrected valuation
  21. 54:1-25. · Investigation of method of local assessors
  22. 54:1-26. · Authority of director to reassess property
  23. 54:1-27. · Order for reassessment; failure of assessor to comply;…
  24. 54:1-28. · Notice of investigation; publication; mailing
  25. 54:1-29. · Completion of reassessments; correction of duplicates;…
  26. 54:1-30. · Investigation for securing true valuation every five years
  27. 54:1-33. · State equalization table prepared; copies to county boards…
  28. 54:1-34. · Equalization of assessments between counties; annual hearing
  29. 54:1-35. · Preparation of abstract of total ratables
  30. 54:1-35.1. · Table of equalized valuations; promulgation; place to be…
  31. 54:1-35.2. · Form and contents of table
  32. 54:1-35.25. · Examinations; applications; qualifications; fee
  33. 54:1-35.25a. · Dispensation with 4-year college requirement; duration
  34. 54:1-35.25b · Continuing education, training requirements for certified…
  35. 54:1-35.26. · Tax assessor certificate; fee
  36. 54:1-35.27. · Preservation of applications, test papers, etc.; records;…
  37. 54:1-35.28. · Certificate issued without examination; fee
  38. 54:1-35.29 · Revocation, suspension of tax assessor certificate
  39. 54:1-35.3. · True value; determination of ratio of aggregate assessed…
  40. 54:1-35.30. · Certificate necessary for appointment or reappointment
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