N.J. Admin. Code § 18:15-7.5

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

Section 18:15-7.5 - Change in use when land not assessed under the Act

(a) If a change in use of the land occurs in a tax year when the land was not assessed and taxed under the Act, then such land becomes subject to roll-back taxes for such of the two tax years immediately preceding in which the land was assessed under the Act.

Example: A parcel of land was assessed under the Act for the tax years 2015 and 2016, but not for 2017. A change in use occurs in June 2017. The land is subject to roll-back taxes for the tax years 2015 and 2016, but is not subject to roll-back taxes for 2017, inasmuch as the land was not assessed under the Act for such tax year.

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