LegalFix
Sign In

Section 54:8-1 - Reduction of interest on amounts due where records destroyed

NJ Rev Stat § 54:8-1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

54:8-1. Reduction of interest on amounts due where records destroyed

In case of the destruction or loss of public records whereby the ordinary and usual documentary evidence of the levy and assessment of taxes or assessments upon real estate by the municipality, or of the collection or payment thereof is incapable of production, by reason whereof taxes and assessments which are unpaid are liable to be lost, or their collection is rendered doubtful or difficult, the body having control of the finances of the municipality, may, by resolution adopted by the same vote that may be required to expend moneys, reduce the rate of interest on the taxes or assessments, or both, or authorize the taxes or assessments, or both, to be received and paid and wholly discharged without interest, if paid within a certain time to be specified in the resolution, not exceeding one year after the adoption thereof.

Previous Section
Section 54:7-9 - Apportionment of liens on lands taken for streets
Next Section
Section 54:8-2 - Article applicable to special assessments