Current through Register Vol. 56, No. 21, November 4, 2024
Section 18:23-5.2 - Valuation of Class II property; how and when determined(a) On or before November 1 of the pre-tax year, the Director determines the true value, as of January 1 of such year, of all Class II property used for railroad purposes in this State.(b) Any Class II property transferring out of railroad ownership between January 1 and October 1 of the pre-tax year, and not used for railroad purposes on October 1 is excluded.N.J. Admin. Code § 18:23-5.2
Amended by 49 N.J.R. 456(b), effective 3/6/2017