N.J.S.A. 54:49-9

Penalty for nonpayment of special assessment

54:49-9. Penalty for nonpayment of special assessment If such taxes, penalties and interest so assessed pursuant to sections 54:49-5 and 54:49-7 of this Title shall not be paid within the said 15 days, there shall be added to the amount of assessment, in addition to interest as already provided and any other penalties provided by law, a sum equivalent to 5% of the tax. Amended by L.1975, c. 177, s. 5, eff. Aug. 4, 1975.

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This is the verbatim text of N.J.S.A. 54:49-9, 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.