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New Jersey Statutes, Title: 54, TAXATION
Chapter 4: Property subject to taxation.
Section: 54:4-2.3: Exempt property leased to person whose property is not exempt
When real estate exempt from taxation is leased to another whose property is not exempt, and the leasing of which does not make the real estate taxable, the leasehold estate and the appurtenances shall be listed as the property of the lessee thereof, or his assignee, and assessed as real estate.
L.1949, c. 177, p. 566, s. 1.
This section added to the Rutgers Database: 2012-09-26 13:37:56.
Older versions of 54:4-2.3 (if available):
Court decisions that cite this statute:
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