N.J.S.A. 52:27C-26 — Taxation of property of authority

52:27C-26. Taxation of property of authority All real property and improvements thereon owned by the authority shall be assessed and taxed in the municipalities wherein such lands are situate for State, school, county, municipal and improvement purposes in the same manner as other real property owned by individuals. The taxes for any given year shall be paid out of the rentals or income accruing from such property for the year in which the taxes are assessed. L.1944, c. 85, art. 3, p. 176, s. 26.

This is the verbatim text of N.J.S.A. 52:27C-26, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.