N.J.S.A. § 54:4-33.
Taxation of mortgaged property
No deduction from the assessed value of real property shall be made by the assessor on account of any mortgage debt, but the mortgagor or owner of the property paying the tax on mortgaged real property shall be entitled to credit on the interest payable on the mortgage for so much of the tax as is equal to the tax rate applied to the amount due on the mortgage, except where the parties have otherwise agreed, or where the mortgage is an investment of funds not subject to taxation, or where the parties have lawfully agreed that no deduction shall be made from the taxable value of the lands by reason of the mortgage.
Amended by L.1945, c. 163, p. 578, s. 6.
Source: view the official text
In this chapter (40 sections)
- 54:4-23.4 · Land deemed in horticultural use
- 54:4-23.5 · Land deemed actively devoted to agricultural,…
- 54:4-23.6. · Qualifications for valuation, assessment, taxation
- 54:4-23.7 · Considerations of assessor in valuing land
- 54:4-23.7a · Definitions applicable to C.54:4-23.7a and C.54:4-23.7b
- 54:4-23.7b · Provision of plan with application
- 54:4-23.8. · Determination of amount of rollback taxes
- 54:4-23.9. · Procedure for assessment, collection, payment, etc., of…
- 54:4-23a. · Single family dwelling; date of addition to assessment…
- 54:4-23b · Inspections of real property for purposes of reassessment
- 54:4-23c · Rules, regulations
- 54:4-24. · Assessor's list; form and content
- 54:4-25. · Tract lying between two districts; how assessed
- 54:4-26. · Assessor to follow forms and methods prescribed by director
- 54:4-27. · Exempt property listed separately
- 54:4-28. · Assessments by block system and house number
- 54:4-29. · Purchaser of realty may present deed to assessor for…
- 54:4-30. · Duty of county recording officer where deed not certified
- 54:4-31 · Abstract of deed provided electronically, mailed to assessor
- 54:4-32. · Fee; refusal of deed for lack of address
- 54:4-33. · Taxation of mortgaged property
- 54:4-34. · Statement by owner; written request; refusal to render;…
- 54:4-34.3. · Allowance of additional veterans' exemptions or deductions…
- 54:4-35 · Period for assessing; assessor's duplicate; preliminary,…
- 54:4-35.1 · Material depreciation of structure; determination of value
- 54:4-36. · Assessor's affidavit; form and content
- 54:4-36.1. · Statement of estimated total amount of approved tax…
- 54:4-37. · Penalty for failure to file duplicate; removal of assessor
- 54:4-38 · Public inspection notice; advertisement; appeals
- 54:4-38.1 · Notice of current assessment, preceding year's taxes,…
- 54:4-39. · Amount appropriated for schools; notification by state…
- 54:4-40. · Amount required by general tax for state purposes;…
- 54:4-41. · County requirements certified by clerk of freeholders;…
- 54:4-42. · Tax requirements certified to county tax board
- 54:4-43. · Judgment executions added to tax requirements; duty of…
- 54:4-44. · Inclusion in next levy in certain cases
- 54:4-45 · Certified statement of amount of moneys appropriated for…
- 54:4-46. · Tax lists and duplicates revised by county board
- 54:4-46.1. · Adding amount of approved tax deductions to net amount to…
- 54:4-47. · Revision and equalization; functions of county board