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N.J.S.A. § 54:1-42.

Commissioner may acquire property to satisfy claim; limitation

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

The commissioner may bid for and purchase any property, real and personal, heretofore or hereafter exposed to sale under the order or decree of any court for the payment and satisfaction of any claim for taxes held by this state, and take and hold the title to the property, real and personal, so purchased in his official name, style and title, but he shall in no case bid a higher price for such property than shall be sufficient to save the amount due to the state upon its claim.

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In this chapter (40 sections)
  1. 54:1-35.41. · Definitions
  2. 54:1-35.42. · Allowance of relvaluation relief abatements
  3. 54:1-35.43. · Determination of eligible properties
  4. 54:1-35.44. · Certification of aggregate amount of revaluation relief…
  5. 54:1-35.45. · Delivery of tax bills to individuals assessed
  6. 54:1-35.46. · Alternate payment date
  7. 54:1-35.47. · Calculation of revaluation relief abatements
  8. 54:1-35.48. · Tax liability not less than base year
  9. 54:1-35.49. · Policies, procedures
  10. 54:1-35.5. · Effective date
  11. 54:1-35.50. · Rules, regulations
  12. 54:1-35.6. · Real estate sales ratio records as public records
  13. 54:1-35a. · Definitions
  14. 54:1-35b. · Average ratio and common level range; determination;…
  15. 54:1-35c. · Average ratio; determination without usable real estate…
  16. 54:1-36. · Failure to obey constitution and laws; commissioner to…
  17. 54:1-37. · Assessor not complying with law removable by court
  18. 54:1-39. · Order of removal; successor appointed
  19. 54:1-40. · Person removed ineligible for same office for five years
  20. 54:1-41. · Appeals to state board of tax appeals; procedure
  21. 54:1-42. · Commissioner may acquire property to satisfy claim;…
  22. 54:1-43. · Sale of property; approval by state house commission; use of…
  23. 54:1-44. · Use of property before sale; use of proceeds; repairs
  24. 54:1-45. · Separate accounts kept
  25. 54:1-46. · Short title
  26. 54:1-47. · Definitions
  27. 54:1-48. · Municipal purposes tax assistance fund; establishment;…
  28. 54:1-49. · Qualifying municipalities; annual payments; computation;…
  29. 54:1-50. · Participating municipalities; annual payments; computation;…
  30. 54:1-51. · Allocation of funds
  31. 54:1-52. · Date of payment
  32. 54:1-53. · Appropriations
  33. 54:1-54. · Inclusion of amount of state aid in municipal budget
  34. 54:1-58.1. · List of unlocated
  35. 54:1-68. · Short title
  36. 54:1-69. · Legislative findings
  37. 54:1-70. · Definitions
  38. 54:1-71. · Pinelands municipal property tax stabilization board;…
  39. 54:1-72. · Pinelands municipal property tax stabilization fund; state…
  40. 54:1-73. · Report by assessor
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