New Jersey Statutes 54:4-23.10. Determination of true value of land for purposes of state school aid and determining apportionment valuation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 54:4-23.10
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The Director of the Division of Taxation in equalizing the value of land assessed and taxed under this act for the purposes of State school aid, and each county board of taxation in equalizing such land for the purposes of determining the “apportionment valuation” under section 54:4-49 of the Revised Statutes, shall determine the true value of such land on the basis of its agricultural or horticultural use. The director shall promulgate rules and regulations to effectuate the purposes of this section.
L.1964, c. 48, s. 10.