New Jersey Code § 54:4-2.11

Leasehold estates existing October 1, 1949
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54:4-2.11. Leasehold estates existing October 1, 1949
All such leasehold estates existing on October first, one thousand nine hundred and forty-nine, shall be assessed and taxed as if said leasehold estates commenced October first, one thousand nine hundred and forty-nine.
L.1949, c. 177, p. 568, s. 9.

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