New Jersey § 54:4-9
Full text of New Jersey New Jersey Statutes § 54:4-9, with citation guidance and answers to common questions.
§ 54:4-9.
Tangible personal property not used in business, other than tangible household personal
property and personal effects, shall be assessed and taxed for local use at the general
tax rate of the taxing district wherein such property is found. Such property shall be assessed according to the fair value thereof, which shall
be the fair market value thereof, and the assessment shall be expressed at that percentage
of such fair value as is established pursuant to law as the percentage level for the
taxation of real property within the county in which the municipality is located. The taxable valuations of tangible personal property determined under this section
shall be included by the assessor of each taxing district in his tax list and duplicate
required to be filed on or before January 10 in each year.
Frequently Asked Questions About New Jersey § 54:4-9
What does New Jersey Statutes § 54:4-9 cover?
Section 54:4-9 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 § 54:4-9?
A common citation format is "New Jersey Statutes § 54:4-9" (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 § 54:4-9 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.