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N.J.S.A. § 54:4-100.

Principal sum not to be abated unless market value exceeded

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

No abatement of the principal sum of any such taxes, assessments or other municipal charges shall be made unless the governing body shall be satisfied that the market value of the property in question upon or against which such taxes, assessments or other charges have been levied, is less than such principal sum, or unless such governing body shall be satisfied that the taxes, assessments or other municipal charges are illegal in whole, or in part, or unless the proceedings taken to levy or enforce them are contrary to law. Where the taxes, assessments or other municipal charges concern personal property only, no such abatement shall be made unless the governing body shall be satisfied that the market value of the personal property which is subject to distraint to enforce payment of the said taxes, assessments or other municipal charges is less than the said principal sum.

Amended by L.1949, c. 202, p. 668, s. 1.

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In this chapter (40 sections)
  1. 54:4-79. · Arrest and imprisonment for nonpayment of personal taxes
  2. 54:4-80. · Warrant for distress or imprisonment; deputies; liability of…
  3. 54:4-81. · Certificate of commitment; certificate of release
  4. 54:4-82. · Hearing on debtor's ability to pay
  5. 54:4-83. · Limit to imprisonment for dog tax
  6. 54:4-84. · Advertisement and sale of personal property for taxes
  7. 54:4-85. · Collector's fees
  8. 54:4-86. · Further action to collect tax due; collector of arrears; bond
  9. 54:4-87. · Collectors of arrears; powers and duties
  10. 54:4-88. · Collector of arrears; no compensation in certain cases;…
  11. 54:4-90. · Sale of timber on unimproved, untenanted and other land
  12. 54:4-91. · Collector's annual statement of receipts
  13. 54:4-91.1. · Collector's list of delinquent taxes believed not…
  14. 54:4-91.2. · Release of collector; cancellation of uncollectible taxes
  15. 54:4-91.3. · Effective date
  16. 54:4-95. · List of delinquents published; cost charged
  17. 54:4-96. · Taxes exceeding value of realty; adjustment and settlement
  18. 54:4-97. · Settlement of unpaid taxes by city when lien is questioned
  19. 54:4-98. · Action when payment is made; cancellation of record
  20. 54:4-99. · Adjustment of past due taxes and interest charges; lien…
  21. 54:4-100. · Principal sum not to be abated unless market value exceeded
  22. 54:4-101. · Payment required in sixty days
  23. 54:4-102. · Rules and regulations
  24. 54:4-103. · Collection of taxes and assessments in arrears January 1,…
  25. 54:4-104. · Collection of taxes and assessments in arrears January 1,…
  26. 54:4-104.1. · Collection of taxes and assessments in arrears January 1,…
  27. 54:4-104.2. · Collection of taxes and assessments in arrears January 1,…
  28. 54:4-104.3. · Collection of taxes and assessments in arrears, January…
  29. 54:4-105. · Remissions credited on second half of taxes
  30. 54:4-106. · Payment of taxes by receivers and assignees; wage liens…
  31. 54:4-107. · Taxes and assessments for municipal purposes assessed…
  32. 54:4-108. · Assessment and collection of taxes in districts illegally…
  33. 54:4-109. · Property conveyed to municipality to satisfy municipal…
  34. 54:4-110. · "Municipal charges" defined
  35. 54:4-111. · Other rights unimpaired
  36. 54:4-112. · Conditions precedent to compromise settlement
  37. 54:4-113. · Other laws unaffected
  38. 54:4-114. · Conveyance to municipality of unencumbered vacant land in…
  39. 54:4-115. · Method of procedure by municipality
  40. 54:4-116. · Acceptance of deed by municipality
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