54:4-97.Ā  Settlement of unpaid taxes by city when lien is questioned
In a city where taxes or assessments or both, levied and assessed upon or onĀ  account of real or personal property remain unpaid, and the lien of the cityĀ  for those taxes and assessments is questioned, impaired or in litigation, theĀ  board having control of the finances thereof may, upon application and petitionĀ  in writing presented to it by or on behalf of a person interested in theĀ  property, make a revision, alteration, adjustment or settlement of the taxes orĀ  assessments, or both, so levied, assessed and remaining unpaid, and theĀ  interest and penalties thereon, and fix and determine an amount to be acceptedĀ  by the city in full satisfaction thereof.