# N.J. Stat. § 54:29A-7: Property taxable; rate

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-7

## Section

- **Citation:** N.J. Stat. § 54:29A-7
- **Heading:** Property taxable; rate
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 54 / Chapter 29A / Section 29A-7

## Text

There is hereby levied an annual property tax upon all property used for railroad purposes, other than (a) main stem, (b) tangible personal property and (c) facilities used in passenger service, which tax shall be assessed by the commissioner, in the manner hereinafter provided and at the rate of $4.75 for each $100.00 of the true value of such property for the year 1967 and each year thereafter. L.1941, c. 291, p. 776, s. 7. Amended by L.1948, c. 40, p. 116, s. 4; L.1964, c. 251, s. 2; L.1966, c. 139, s. 2, eff. June 17, 1966.

## Nearby sections

- [N.J. Stat. § 54:29A-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-1.md)
- [N.J. Stat. § 54:29A-2 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-2.md)
- [N.J. Stat. § 54:29A-4 Property not used for railroad purposes](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-4.md)
- [N.J. Stat. § 54:29A-5 Municipal assessment of benefits; delegation of powers by commissioner](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-5.md)
- [N.J. Stat. § 54:29A-6 General powers of commissioner](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-6.md)
- [N.J. Stat. § 54:29A-7 Property taxable; rate](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-7.md)
- [N.J. Stat. § 54:29A-7.1 Real property deemed to be in railroad use regardless of ownership or possession](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-7.1.md)
- [N.J. Stat. § 54:29A-8 Leased property](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-8.md)
- [N.J. Stat. § 54:29A-10 Grade crossing improvements exempt](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-10.md)
- [N.J. Stat. § 54:29A-11 Assessment in lieu](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-11.md)
- [N.J. Stat. § 54:29A-12 Assessment procedure](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-12.md)
- [N.J. Stat. § 54:29A-13 Franchise excise](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-13.md)
- [N.J. Stat. § 54:29A-14 Measure of franchise tax](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-14.md)
- [N.J. Stat. § 54:29A-15 Assessment; franchise tax](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-15.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T54_C29A_S29A-7. Check the current official text before relying on it. Not legal advice.