New Jersey § 52:27d-118
Full text of New Jersey New Jersey Statutes § 52:27d-118, with citation guidance and answers to common questions.
§ 52:27d-118.
As used in this act: “ Board ” means the Local Finance Board of the Division of Local Government Services in the
Department of Community Affairs. “ Director ” means the Director of the Division of Local Government Services in the Department
of Community Affairs. “ Equalized tax rate ” means the total tax levy on which the tax rate is computed for a municipality as
shown in the table of aggregates for the pretax year prepared pursuant to R.S.54:4-52 , divided by the equalized valuation of property exclusive of Class II railroad property
as shown in the table of equalized valuations for the pretax year prepared pursuant
to P.L.1954, c. 86 ( C.54:1-35.1 et seq. ). “ Municipal per capita income ” means the money income of a municipality for the most recent year prior to the budget
year as reported by the Bureau of the Census divided by the population of the municipality
according to the most recent federal decennial census. “State per capita income” means the money income of the State for the most recent
year prior to the budget year as reported by the Bureau of the Census divided by the
State population according to the most recent federal decennial census. “ Statewide aggregate equalized tax rate ” means the sum of the total tax levies on which the tax rates are computed for all
municipalities in the State as shown in the table of aggregates for the pretax year
prepared pursuant to R.S.54:4-52 , divided by the sum of equalized valuations of property of all municipalities in
the State exclusive of Class II railroad property as shown in the table of equalized
valuations for the pretax year prepared pursuant to P.L.1954, c. 86 ( C.54:1-35.1 et seq. ).
Frequently Asked Questions About New Jersey § 52:27d-118
What does New Jersey Statutes § 52:27d-118 cover?
Section 52:27d-118 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 § 52:27d-118?
A common citation format is "New Jersey Statutes § 52:27d-118" (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 § 52:27d-118 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.