N.J.S.A. § 54:1-35a.
Definitions
a. The "average ratio" of assessed to true value of real property for a taxing district for the purposes of this act shall mean that ratio promulgated by the Director of the Division of Taxation pursuant to P.L.1954, c. 86 (C. 54:1-35.1 et seq.), as of October 1 of the year preceding the tax year, as revised by the tax court.
b. The "common level range" for a taxing district is that range which is plus or minus 15% of the average ratio for that district.
L.1973, c. 123, s. 1, eff. May 9, 1973. Amended by L.1979, c. 51, s. 1, eff. March 21, 1979; L.1983, c. 36, s. 10, eff. Jan. 26, 1983.
Source: view the official text
In this chapter (40 sections)
- 54:1-35.33. · Joint municipal tax assessor; eligibility
- 54:1-35.34. · Rules and regulations
- 54:1-35.35. · Rules; standards for valuation and revaluation of real…
- 54:1-35.36. · Contract by municipality for valuation or revaluation of…
- 54:1-35.37. · Person aggrieved by determination; hearing
- 54:1-35.39. · Short title
- 54:1-35.4. · Review of equalization table
- 54:1-35.40. · Findings, determinations
- 54:1-35.41. · Definitions
- 54:1-35.42. · Allowance of relvaluation relief abatements
- 54:1-35.43. · Determination of eligible properties
- 54:1-35.44. · Certification of aggregate amount of revaluation relief…
- 54:1-35.45. · Delivery of tax bills to individuals assessed
- 54:1-35.46. · Alternate payment date
- 54:1-35.47. · Calculation of revaluation relief abatements
- 54:1-35.48. · Tax liability not less than base year
- 54:1-35.49. · Policies, procedures
- 54:1-35.5. · Effective date
- 54:1-35.50. · Rules, regulations
- 54:1-35.6. · Real estate sales ratio records as public records
- 54:1-35a. · Definitions
- 54:1-35b. · Average ratio and common level range; determination;…
- 54:1-35c. · Average ratio; determination without usable real estate…
- 54:1-36. · Failure to obey constitution and laws; commissioner to…
- 54:1-37. · Assessor not complying with law removable by court
- 54:1-39. · Order of removal; successor appointed
- 54:1-40. · Person removed ineligible for same office for five years
- 54:1-41. · Appeals to state board of tax appeals; procedure
- 54:1-42. · Commissioner may acquire property to satisfy claim;…
- 54:1-43. · Sale of property; approval by state house commission; use of…
- 54:1-44. · Use of property before sale; use of proceeds; repairs
- 54:1-45. · Separate accounts kept
- 54:1-46. · Short title
- 54:1-47. · Definitions
- 54:1-48. · Municipal purposes tax assistance fund; establishment;…
- 54:1-49. · Qualifying municipalities; annual payments; computation;…
- 54:1-50. · Participating municipalities; annual payments; computation;…
- 54:1-51. · Allocation of funds
- 54:1-52. · Date of payment
- 54:1-53. · Appropriations