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 18:27-2.11 - Owners under executory contract

N.J. Admin. Code § 18:27-2.11

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 18:27-2.11 - Owners under executory contract

A purchaser under an executory contract of sale who is in possession of land has a qualifying ownership interest for the deduction under 54:4-1 et seq., which provides "... An executory contract for the sale of land, under which the vendee is entitled to or does take possession thereof, shall be deemed, for the purposes of this act a mortgage of said land for the unpaid balance of purchase price ..."

N.J. Admin. Code § 18:27-2.11