New Jersey Statutes Title 54. Taxation 54 § 4-63.26

Whenever any real property is by law exempt from taxation and the right to such exemption ceases by reason of a change in use or ownership of such property, the same shall be assessable as omitted property as hereinafter provided. The county board of taxation shall, by resolution, cause such assessment to be made and entered upon the tax duplicate as in other cases of omitted property. Any such assessment shall be entered in the list known as the “Added Assessment List, 19․․․․” of the municipality wherein said property is located.