New Jersey § 54a:9-25
Full text of New Jersey New Jersey Statutes § 54a:9-25, with citation guidance and answers to common questions.
§ 54a:9-25.
Taxes collected under the provisions of this act shall be deposited by the State Treasurer
in a special account to be known as the Property Tax Relief Fund. Moneys in the Property Tax Relief Fund shall be annually appropriated, pursuant
to formulas established from time to time by the Legislature, to the several counties,
municipalities and school districts of this State exclusively for the purpose of providing
property tax relief and for the purpose of reducing or offsetting property taxes,
including the funding of the requirements of P.L.1975, c. 212, 1 and homestead exemptions under 1976 Assembly Bill No. 1330, 2 as said acts may hereafter be amended or supplemented and provided there may be deducted
the administrative costs of the collection hereof and in replacement of revenues resulting
from the repeal of certain laws under this and companion legislation. 1
N.J.S.A. § 18A:7A-1 et seq. 2
L.1976, c. 72 (§§ 54:4-3.80 to 54:4-3.94).
Frequently Asked Questions About New Jersey § 54a:9-25
What does New Jersey Statutes § 54a:9-25 cover?
Section 54a:9-25 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 § 54a:9-25?
A common citation format is "New Jersey Statutes § 54a:9-25" (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 § 54a:9-25 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.