All property taxes, special assessments and other charges imposed by any taxing authority shall be separately assessed against and collected on each unit as a single parcel, and not on the condominium property as a whole. Such taxes, assessments and charges shall constitute a lien only upon the unit and upon no other portion of the condominium property. All laws authorizing exemptions from taxation or deductions from tax bills shall be applicable to each individual unit to the same extent they are applicable to other separate property.
N.J. Stat. Ann. § 46:8B-19
Taxes, assessments and charges; valuation of units; exemptions or deductions
Known as the Condominium Act
The act spans §§ 46:8B-1 to 46:8B-9 (42 sections).
L.1969, c. 257, s. 19, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.