New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 23 - RAILROAD PROPERTY TAX
Subchapter 5 - ASSESSMENT AND DISPOSITION OF THE RAILROAD PROPERTY AND FRANCHISE TAXES
Section 18:23-5.2 - Valuation of Class II property; how and when determined
Universal Citation: NJ Admin Code 18:23-5.2
Current through Register Vol. 56, No. 18, September 16, 2024
(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.
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