N.J.S.A. 54:5-122

Release of obligation to collect taxes, etc.; exemption from taxation

54:5-122. Release of obligation to collect taxes, etc.; exemption from taxation Any conveyance or transfer made in pursuance of this act shall release the municipality from its obligation to collect any taxes, assessments or other municipal charges which may be a lien upon such lands, and such lands shall thereafter be exempt from taxation as long as the title thereto is vested in the State of New Jersey. L.1940, c. 73, s. 2.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 54:5-122, 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.

N.J.S.A. 54:5-122 — Release of obligation to collect taxes, etc.; exemption from taxation | Kyzer