New Jersey § 40a:21-13
Full text of New Jersey New Jersey Statutes § 40a:21-13, with citation guidance and answers to common questions.
§ 40a:21-13.
The assessor shall determine, on October 1 of the year following the date of the completion
of an improvement, conversion or construction, the true taxable value thereof. Except for projects subject to tax agreement, pursuant to sections 9 through 12 1 of P.L.1991, c. 441, the amount of tax to be paid for the tax year in which the project is completed shall be based on the assessed valuation of the property for the current tax year, minus the amount of the abatement, if any, allowed pursuant to this act and pro rated , plus any portion of the assessed valuation of the improvement, conversion or construction
not allowed an exemption pursuant to this act , also pro rated . Subject to the provisions of the adopting ordinance, the property shall continue
to be treated in the appropriate manner for each of the four tax years subsequent to the original determination by the assessor and shall be pro rated for the final tax year in which the exemption or abatement
expires . 1
N.J.S.A. §§ 40A:21-9 to 40A:21-12.
Frequently Asked Questions About New Jersey § 40a:21-13
What does New Jersey Statutes § 40a:21-13 cover?
Section 40a:21-13 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:21-13?
A common citation format is "New Jersey Statutes § 40a:21-13" (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:21-13 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.