New Jersey § 54:4-3
Full text of New Jersey New Jersey Statutes § 54:4-3, with citation guidance and answers to common questions.
§ 54:4-3.
For the purposes of P.L.1948, c. 259 ( C.54:4-3.30 et seq. ) a tenant shareholder in a cooperative or mutual housing corporation shall be entitled
to an exemption from taxation under that act only to the extent of his proportionate
share of the taxes assessed against the real property of the corporation or any other
entity holding title to that real property. The Director of the Division of Taxation in the Department of the Treasury shall
promulgate regulations, in accordance with the “Administrative Procedure Act,” P.L.1968,
c. 410 ( C.52:14B-1 et seq. ) to: require that the application for the exemption shall include the name and address
of the location of the property and the amount of real property taxes attributed to
the cooperative unit or mutual housing residential unit; and ensure that the disabled
veteran or surviving spouse, as the case may be, is the sole beneficiary of the disabled
veterans' property tax exemption provided by P.L.1948, c. 259 ( C.54:4-3.30 et seq. ).
Frequently Asked Questions About New Jersey § 54:4-3
What does New Jersey Statutes § 54:4-3 cover?
Section 54:4-3 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 § 54:4-3?
A common citation format is "New Jersey Statutes § 54:4-3" (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 § 54:4-3 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.