N.J. Stat. § 40A:21-15: Ineligible properties for unpaid or delinquent taxes

15. No exemption or abatement shall be granted, or tax agreement entered into, pursuant to this act with respect to any property for which property taxes are delinquent or remain unpaid, or for which penalties for nonpayment of taxes are due.

L.1991,c.441,s.15.