State Codes and Statutes

Statutes > New-jersey > Title-54 > Section-54-4 > 54-4-5a

54:4-5a.     Remission of county taxes
    Any taxing district in which there has been located a county institution, other than an educational institution or parklands, regardless of whether such lands are owned and occupied by a park commission or by any other department, division, agency or instrumentality of the county government, which occupies more than 200 acres, and which constitutes at least 5% of the total land area of the taxing district, shall have remitted or rebated by the county treasurer a sum equal to a percentage of the county tax rate applied to the entire amount  of ratables remaining subject to taxation, according to the following schedule:

                    1982                          45%

                      1983                          40%

                      1984                          30%

                      1985                          15%

                      1986                          15%

                      1987 and thereafter            0%

  

   L.1982, c. 36, s. 1.