New Jersey § 54:4-56
Full text of New Jersey New Jersey Statutes § 54:4-56, with citation guidance and answers to common questions.
§ 54:4-56.
Upon the sale and transfer for a valuable consideration or the acquisition through
eminent domain or similar proceedings of any real estate in this state, unless otherwise
provided in a written agreement between the seller and purchaser or the parties in
said proceedings or unless otherwise expressly stipulated, the seller or owner of
property to be acquired shall be liable for the payment of such proportion of the
taxes for the current year upon the property to be conveyed or so acquired as the
time between the previous January first and the date of the delivery of the deed by
the seller to the purchaser or the date the condemning body acquired its title bears
to a full calendar year. If the amount of the taxes for the current year shall not have been determined at
the time of the delivery of the deed of conveyance or the taking of its title by the
condemning body, the amount of the taxes last previously assessed against such real
estate shall be used as the basis for computing the apportionment herein provided.
Frequently Asked Questions About New Jersey § 54:4-56
What does New Jersey Statutes § 54:4-56 cover?
Section 54:4-56 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 § 54:4-56?
A common citation format is "New Jersey Statutes § 54:4-56" (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 § 54:4-56 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.