New Jersey § 54:1-35
Full text of New Jersey New Jersey Statutes § 54:1-35, with citation guidance and answers to common questions.
§ 54:1-35.
a. Upon the receipt of a certified copy of the ordinance, the director shall conduct
a final review of the tax duplicate for the municipality, and make a final determination
of which parcels of real property in the municipality are eligible properties. b. The director shall determine the amount of the revaluation relief abatement for each eligible property for the revaluation year as follows: RR A = 0.80 (A-B) where : “RR A ” equals the revaluation relief abatement for the eligible property; “A” equals the tax liability produced by multiplying the constant rate factor for
the municipality for the revaluation year times the net assessed value of the eligible
property as it appears on the assessor's duplicate for the revaluation year; and “B” equals the tax liability produced by multiplying the general tax rate for the
municipality for the base year times the net assessed value of the eligible property
as it appeared on the assessor's duplicate for the base year.
Frequently Asked Questions About New Jersey § 54:1-35
What does New Jersey Statutes § 54:1-35 cover?
Section 54:1-35 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 § 54:1-35?
A common citation format is "New Jersey Statutes § 54:1-35" (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 § 54:1-35 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.