New Jersey § 54:4-3
Full text of New Jersey New Jersey Statutes § 54:4-3, with citation guidance and answers to common questions.
§ 54:4-3.
Nothing contained in this act shall be deemed to grant any tax exemption in respect
to real property acquired and owned by the State, or by a State agency, or by an authority
created by the State, nor to relieve the State or any State agency, or any authority
created by the State, from the payment of taxes where such payment is required by
the provisions of any law, nor shall it be construed to prohibit payment of or agreements
for the payment of fair and reasonable sums in lieu of taxes as provided by law. In the event of any conflict between the provisions of this act and the provisions
of an act providing for the acquisition of real property by the State or by a State
agency, or by an authority created by the State for a specific purpose or purposes,
as to the payment of taxes to a municipality or for the prorating of taxes as between
the owner and the State or a State agency, or an authority created by the State, the
provisions of this act shall not be deemed to supersede the provisions of such other
act.
Frequently Asked Questions About New Jersey § 54:4-3
What does New Jersey Statutes § 54:4-3 cover?
Section 54:4-3 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 § 54:4-3?
A common citation format is "New Jersey Statutes § 54:4-3" (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 § 54:4-3 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.