N.J. Admin. Code § 18:15-7.2

Current through Register Vol. 56, No. 9, May 6, 2024

Section 18:15-7.2 - Liability attaches on land use change

(a) The liability for roll-back taxes attaches to the land at the time a change in the use of the land occurs, but not when a change in ownership takes place if the new owner continues to devote the land to agricultural or horticultural use in conformity with the requirements of the Act.

(b) Land acquired by the State, a local government unit, a qualifying tax-exempt nonprofit organization, or the Palisades Interstate Park Commission for recreation and conservation purposes will not be subject to roll-back taxes. As used in this section, "acquired," "local government unit," "qualifying tax-exempt nonprofit organization," and "recreation and conservation purposes" mean the same as those terms are defined pursuant to N.J.S.A. 13:8C-3 and as amended by N.J.S.A. 13:8C-29.

Amended by 49 N.J.R. 118(b), effective 1/3/2017