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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 60: Property of certain societies transferred in trust to municipality; purposes
Section: 40:60-25.31: Property acquired to be self-supporting and taxable
To the end that affected taxing authorities may not suffer undue loss of taxes and assessments by reason of the acquisition and ownership of property therein by such a municipality, all property hereafter acquired by such a municipality for the purposes of this act, together with improvements thereon or hereafter made thereon shall be self-supporting and subject to taxation for State and local purposes, in the same manner and to the same extent as the real estate of individuals.
L.1946, c. 302, p. 1006, s. 5, eff. May 6, 1946.
This section added to the Rutgers Database: 2012-09-26 13:37:52.
Older versions of 40:60-25.31 (if available):
Court decisions that cite this statute:
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