New Jersey § 54:4-1
Full text of New Jersey New Jersey Statutes § 54:4-1, with citation guidance and answers to common questions.
§ 54:4-1.
When real property which is exempt from taxation is used by a private party in connection
with an activity conducted for profit, and the use does not render the real property
taxable pursuant to section 1 of P.L.1949, c. 177 ( C. 54:4-2.3 ) or otherwise, the real property shall be assessed and taxed as real property of
the private party. The private party is subject to liability for taxation to the same extent as though
he owned the property or any portion thereof, unless the owner consents to the taxation
thereof. For purposes of this act, “ use ” means the right or license, express or implied, to possess and enjoy the benefits
from any real property, whether or not that right or license is actually exercised.
Frequently Asked Questions About New Jersey § 54:4-1
What does New Jersey Statutes § 54:4-1 cover?
Section 54:4-1 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 § 54:4-1?
A common citation format is "New Jersey Statutes § 54:4-1" (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 § 54:4-1 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.