54:4-2.4 - Leasehold less than calendar year;Ā proportionate assessment
54:4-2.4.Ā Leasehold less than calendar year;Ā proportionate assessment
Where the whole or any part of the term of such leasehold estate in any calendar year is less than the whole of such calendar year, the assessment for such year shall be that proportion of the amount of the assessment for the fullĀ year which the number of days said leasehold estate exists in said calendarĀ year bears to three hundred sixty-five.
L.1949, c. 177, p. 566, s. 2.
Ā
Where the whole or any part of the term of such leasehold estate in any calendar year is less than the whole of such calendar year, the assessment for such year shall be that proportion of the amount of the assessment for the fullĀ year which the number of days said leasehold estate exists in said calendarĀ year bears to three hundred sixty-five.
L.1949, c. 177, p. 566, s. 2.
Ā