New Jersey Statutes Title 54. Taxation 54 § 1-20
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If it shall appear that the value of any property contained in a taxing district or county, including railroad and canal property bearing the common burden, is relatively less than the value of other property contributing by taxation to a common burden, or that real or personal property which should be assessed therefor has been omitted from assessment, the commissioner may, after giving the notice required by sections 54:1-22 and 54:1-23 of this title, for the purpose of fixing or adjusting the proportion or quota of taxes to be levied as aforesaid, after a comparison of the values, or a like examination as to any omissions from the tax ratables, add thereto such sum or amount as shall seem equitable and to be warranted by the comparison and examination.
Cite this article: FindLaw.com - New Jersey Statutes Title 54. Taxation 54 § 1-20 - last updated February 19, 2021 | https://codes.findlaw.com/nj/title-54-taxation/nj-st-sect-54-1-20.html
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