New Jersey Statutes 40A:27-14. Sale of property by local unit for arrearages in assessments, interest or other charges
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Terms Used In New Jersey Statutes 40A:27-14
- Lien: A claim against real or personal property in satisfaction of a debt.
- local unit: means a county or municipality. See New Jersey Statutes 40A:1-1
When any unpaid assessment, interest thereon or other charges for collection thereof remains in arrears on July 1 of the calendar year following the calendar year when the assessment, interest or other charge becomes in arrears, the appropriate officer of the local unit shall enforce the lien by selling the property in the manner set forth in chapter 5 of Title 54 of the Revised Statutes.
Source: C. 40:23-41 (P.L. 1977, c. 333, s. 8).
L. 1987, c. 179, s. 1.