54:4-2.4 - Leasehold less than calendar year; proportionate assessment - New Jersey Statutes

54:4-2.4.  Leasehold less than calendar year;  proportionate assessment
    Where the whole or any part of the term of such leasehold estate in any calendar year is less than the whole of such calendar year, the assessment for such year shall be that proportion of the amount of the assessment for the full  year which the number of days said leasehold estate exists in said calendar  year bears to three hundred sixty-five.

     L.1949, c. 177, p. 566, s. 2.