New Jersey § 40a:4-29
Full text of New Jersey New Jersey Statutes § 40a:4-29, with citation guidance and answers to common questions.
§ 40a:4-29.
Delinquent taxes shall consist of taxes levied for prior fiscal years unpaid and owing
to the local unit, and in the case of a municipality, also the lien value of tax titles
to real estate standing in the name of the municipality. The maximum amount which may be anticipated as “Receipts from Delinquent Taxes” shall
be computed in the manner set forth in the following paragraph. A determination of the percentage of collection of delinquent taxes for the year immediately
preceding the fiscal year. This percentage shall be determined by dividing the amount of prior year's delinquent
taxes collected by the amount of delinquent taxes unpaid and owing on the first day
of the year, after adjusting such amount by the addition of prior year's taxes added
during such fiscal year, less any prior year's delinquent taxes abated, remitted or
canceled during such year. The maximum which may be anticipated is the sum produced by the multiplication of
the amount of delinquent taxes unpaid and owing to the local unit on the first day
of the current fiscal year by the percentage of collection of delinquent taxes for
the year immediately preceding the current fiscal year.
Frequently Asked Questions About New Jersey § 40a:4-29
What does New Jersey Statutes § 40a:4-29 cover?
Section 40a:4-29 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:4-29?
A common citation format is "New Jersey Statutes § 40a:4-29" (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:4-29 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.