Statutes, codes, and regulations
New Jersey Administrative Code
Title 18 - TREASURY - TAXATIONChapter 27 - $ 250.00 PROPERTY TAX DEDUCTION FOR VETERANS, SURVIVING SPOUSES OF VETERANS, SURVIVING SPOUSES OF SERVICE PERSONS, SURVIVING CIVIL UNION PARTNERS OF VETERANS, SURVIVING CIVIL UNION PARTNERS OF SERVICE PERSONS, SURVIVING REGISTERED DOMESTIC PARTNERS OF VETERANS, AND SURVIVING REGISTERED DOMESTIC PARTNERS OF SERVICE PERSONS
Subchapter 2 - CONDITIONS OF ELIGIBILITY AND QUALIFICATIONS
Section 18:27-2.12 - Owners as shareholders of cooperative or mutual housing corporations

N.J. Admin. Code § 18:27-2.12

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 18:27-2.12 - Owners as shareholders of cooperative or mutual housing corporations

Tenant shareholders in cooperatives or mutual housing corporations have been declared "owners" of the units based on his or her proportionate share of the taxable value of the real property pursuant to his or her interests in said associations or corporations. Tenant shareholders in cooperatives are entitled to the deduction based on his or her proportionate share of taxes assessed against the real property pursuant to the New Jersey Constitution, Art. 8, Sec. 1, Par. 3 and N.J.S.A. 54:4-8.1 5 and 8.18.

N.J. Admin. Code § 18:27-2.12