N.J.S.A. 54:1-35.48

Tax liability not less than base year

54:1-35.48. Tax liability not less than base year 10. The provision of revaluation relief abatements pursuant to this act shall not result in any tax year in a tax liability for an eligible property which is less than the tax liability for the base year. L.1993,c.101,s.10; amended 1999, c.216, s.9.

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This is the verbatim text of N.J.S.A. 54:1-35.48, 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.