New Jersey Code § 54:4-2.26

Percentage level of taxable value; limits
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54:4-2.26. Percentage level of taxable value; limits
Every percentage level of taxable value of real property established by a county board of taxation shall be expressed as a multiple of 10%, and no level so established shall be lower than 20% or higher than 100% of the standard of value.
L.1960, c. 51, s. 2.

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