New Jersey § 54:1-21
Full text of New Jersey New Jersey Statutes § 54:1-21, with citation guidance and answers to common questions.
§ 54:1-21.
If upon such investigation it shall appear to the Director of the Division of Taxation
that the assessment of any property lying in a taxing district or county, including
such property of a railroad or canal company, and taxed for a common benefit, is greater
than the taxable value thereof, he may, for that purpose, in order to equalize the
valuations throughout the territory which contributes to the common burden, reduce
the assessment to the amount of the taxable value of the property therein, and at
the same time make such increases in the valuation as shall be warranted and as in
this article provided. He may further, in any year in which the reduction or increase is made and the tax
rate has already been fixed, in order to do justice, equitably equalize the assessment
of any piece or pieces of property.
Frequently Asked Questions About New Jersey § 54:1-21
What does New Jersey Statutes § 54:1-21 cover?
Section 54:1-21 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 § 54:1-21?
A common citation format is "New Jersey Statutes § 54:1-21" (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 § 54:1-21 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.