54:4-69.1 - Payment of taxes by mortgagee
54:4-69.1.Ā Payment of taxes by mortgagee
Whenever a mortgagee shall pay any taxes on the mortgaged premises and giveĀ notice to the collector of taxes at the time of such payment that payment isĀ being made of such taxes as mortgagee, and an appeal from the assessment placedĀ or the taxes levied on such property is taken or is pending and a reduction inĀ the assessment or the taxes levied is obtained by such an appeal, the collectorĀ of taxes shall credit any remission of taxes arising out of such appeal to theĀ taxes next levied upon such premises, or the taxes due or to become due in theĀ year the judgment is issued on such appeal.
The collector of taxes shall make a record of the fact that such taxes wereĀ paid by the mortgagee and shall give the payor a receipt as mortgagee for suchĀ payment, and place the amount of any remission of taxes obtained arising out ofĀ such appeal to the credit of the taxes next to be levied upon such premises orĀ to the taxes due or to become due in the year the judgment is issued on suchĀ appeal.
L.1938, c. 152, p. 309, s. 1.
Ā
Whenever a mortgagee shall pay any taxes on the mortgaged premises and giveĀ notice to the collector of taxes at the time of such payment that payment isĀ being made of such taxes as mortgagee, and an appeal from the assessment placedĀ or the taxes levied on such property is taken or is pending and a reduction inĀ the assessment or the taxes levied is obtained by such an appeal, the collectorĀ of taxes shall credit any remission of taxes arising out of such appeal to theĀ taxes next levied upon such premises, or the taxes due or to become due in theĀ year the judgment is issued on such appeal.
The collector of taxes shall make a record of the fact that such taxes wereĀ paid by the mortgagee and shall give the payor a receipt as mortgagee for suchĀ payment, and place the amount of any remission of taxes obtained arising out ofĀ such appeal to the credit of the taxes next to be levied upon such premises orĀ to the taxes due or to become due in the year the judgment is issued on suchĀ appeal.
L.1938, c. 152, p. 309, s. 1.
Ā