New Jersey § 40a:4-27
Full text of New Jersey New Jersey Statutes § 40a:4-27, with citation guidance and answers to common questions.
§ 40a:4-27.
a. The governing body of a municipality, by resolution, may determine to distribute
receipts from a miscellaneous revenue to the real property taxpayers of the municipality
during the current local budget year. The distribution shall take the form of a credit against the taxes assessed against
each taxable line item on the tax list for the current tax year. The amount of the credit, which shall not be less than 0.10 cent, shall be an amount
that is proportional to the ratio of the assessed value of each taxable line item
over the taxable value of all real property in the municipality, as determined by
the county tax board. b. For the purposes of this section: “ Reimbursement amount ” means a sum of money equal to a credit against taxes distributed pursuant to subsection
a. of this section to the landlord of a multifamily dwelling and shall be considered
a property tax reduction for the purposes of the “Tenants‘ Property Tax Rebate Act,”
P.L.1976, c. 63 ( C.54:4-6.2 et seq. ). c. When a reimbursement amount is received by the landlord of a multifamily dwelling
pursuant to subsection a. of this section, the reimbursement amount shall be considered
a “property tax reduction” as defined in section 2 of the “Tenants‘ Property Tax Rebate
Act,” P.L.1976, c. 63 ( C.54:4-6.3 ), and shall be distributed in the same manner as distributions or credits are made
under the “Tenants' Property Tax Rebate Act,” P.L.1976, c. 63 ( C.54:4-6.2 et seq. ). d. In addition to any regulations promulgated pursuant to the “Tenants‘ Property Tax
Rebate Act,” P.L.1976, c. 63 ( C.54:4-6.2 et seq. ), the Director of the Division of Local Government Services in the Department of
Community Affairs shall provide, through rules, regulations and forms adopted pursuant
to the “Administrative Procedure Act,” P.L.1968, c. 410 ( C.52:14B-1 et seq. ), that reimbursement distributions or credit received by tenants under P.L.2001, c. 140 ( C.40A:4-27.3 ) shall be provided to tenants as a tenant property tax rebate.
Frequently Asked Questions About New Jersey § 40a:4-27
What does New Jersey Statutes § 40a:4-27 cover?
Section 40a:4-27 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:4-27?
A common citation format is "New Jersey Statutes § 40a:4-27" (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:4-27 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.