New Jersey § 40a:4-12
Full text of New Jersey New Jersey Statutes § 40a:4-12, with citation guidance and answers to common questions.
§ 40a:4-12.
On or before May 13 of each year, the governing body of each municipality operating
under the State fiscal year shall certify, by resolution, to the Director of the Division
of Local Government Services a preliminary municipal tax levy to be utilized in calculation
of the municipal portion of the third and fourth installments of property taxes. The amount of the preliminary municipal tax levy shall be calculated in such a manner
as to level insofar as possible the municipal portion of third and fourth installments
and the subsequent first and second installments, but unless otherwise approved by
the director, the amount of the preliminary municipal tax levy shall not be less than
95% of the current fiscal year's municipal tax levy. A copy of the certification shall be forwarded to the director, and to the county
board of taxation which shall then use the levy in preparation of the extended tax
duplicate for the municipality pursuant to R.S.54:4-55 . If the governing body fails to act in a timely manner, the director may prepare
and certify the preliminary municipal tax levy and shall provide a copy to the county
board of taxation and the municipality. The director shall promulgate forms and instructions as necessary for the calculation
of the preliminary municipal tax levy.
Frequently Asked Questions About New Jersey § 40a:4-12
What does New Jersey Statutes § 40a:4-12 cover?
Section 40a:4-12 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 40a:4-12?
A common citation format is "New Jersey Statutes § 40a:4-12" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 40a:4-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.