N.J. Admin. Code § 18:15-8.1

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:15-8.1 - Effect

(a) When land that is being assessed under the Act is applied to a use other than agricultural or horticultural, it becomes subject to roll-back taxes. (See N.J.A.C. 18:15-7, Roll-Back Taxes, for procedure imposing roll-back taxes. See N.J.A.C. 18:15-12, Eminent Domain, respecting the applicability of roll-back taxes in case of eminent domain.)

(b) Despite the provisions of any law, rule, or regulation to the contrary, land which is valued, assessed, and taxed under the provisions of the Act, N.J.S.A. 54:4-23.1 et seq., and is 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.

1. As used in this subsection, "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, the Garden State Preservation Trust Act.

N.J. Admin. Code § 18:15-8.1

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