N.J.S.A. § 54:5-122.
Release of obligation to collect taxes, etc.; exemption from taxation
Any conveyance or transfer made in pursuance of this act shall release the municipality from its obligation to collect any taxes, assessments or other municipal charges which may be a lien upon such lands, and such lands shall thereafter be exempt from taxation as long as the title thereto is vested in the State of New Jersey.
L.1940, c. 73, s. 2.
Source: view the official text
In this chapter (40 sections)
- 54:5-113.2. · Removal of lessee, tenant
- 54:5-113.3. · Bond, note, obligation deemed asset of municipality
- 54:5-113.4 · Pledge, transfer of tax sale certificates; assignments,…
- 54:5-113.5. · Sale of total property tax levy by municipality
- 54:5-113.6. · Terms, conditions of bid specifications
- 54:5-113.7. · Rules, regulations; biennial report to Governor,…
- 54:5-114. · Notice mailed to owner; publication and posting
- 54:5-114.1 · Methods of sale of certificate of tax sale by municipality
- 54:5-114.10. · Foreclosure of omitted parties from equity of…
- 54:5-114.2 · Sale of certificate of tax sale, liens by municipality
- 54:5-114.3. · Sales subject to current taxes; redemption
- 54:5-114.4 · Purchasers of tax sale certificates, liens; foreclosure,…
- 54:5-114.5. · Extension of time for recording judgment; failure to…
- 54:5-114.6. · Failure to foreclose equity and record judgment
- 54:5-114.7. · Tax sale certificate not to be delivered before final…
- 54:5-114.8. · Action to bar right of redemption; redemption by payment…
- 54:5-114.9. · Cancellation of tax sale certificate
- 54:5-115. · Certain sales confirmed; subsequent liens continued
- 54:5-116. · Lands acquired at tax sale; exchange for park lands
- 54:5-121. · Conveyance or transfer of lands to state for use as forest…
- 54:5-122. · Release of obligation to collect taxes, etc.; exemption…
- 54:5-123. · Right of redemption
- 54:5-124. · Amount required to redeem
- 54:5-126a. · Conveyance of land not suitable for forest park…
- 54:5-126b. · Redemption of land from municipality; amount
- 54:5-127. · Transfer to county for park purposes of lands acquired at…
- 54:5-128. · Redemption after transfer of lands to county for park…
- 54:5-129. · Foreclosure by county of right to redeem
- 54:5-130 · Creation of joint municipal lien pool permitted
- 54:5-131 · Powers of joint municipal lien pool
- 54:5-132 · Municipal liens defined; exceptions
- 54:5-133 · Laws applicable to operation of pool
- 54:5-134 · Transfer of municipal lien
- 54:5-135 · Execution of lien certificates
- 54:5-136 · Operating plan filed by joint municipal lien pool
- 54:5-137 · Rules, regulations, orders
- 54A:5-1.1 · Certain IRA roll over amounts protected for 4 years
- 54A:5-1.2 · Determination of category of income net of expenses or…
- 54A:5-1.2a · Taxpayer, depreciation, eligible property expenditures,…
- 54A:5-2. · Losses