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.
True value for the purposes of this act shall be deemed to be valuation at current
market prices or values, determined in such manner as the director may, in his discretion,
select. The director shall determine the ratio of aggregate assessed to aggregate true valuation
of real estate of each taxing district. He may make such determination by reference to the county equalization table whenever
he is satisfied that the table has been prepared according to accepted methods and
practices and that it properly reflects true value or a known percentage thereof for
the several taxing districts in the county. The director, with respect to any and all taxing districts, may use the assessment
ratios reported in the Sixth Report of the Commission on State Tax Policy (Trenton,
1953) and may consider such other assessment ratio studies as may be available. He may make such further and different investigations of assessment practices as
he may deem necessary or desirable for the establishment of the assessment ratios
required by this act.
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.