{"data":{"id":"us-nj/n.j.-stat.-54-1-35a","jurisdiction":"us-nj","citation":"N.J. Stat. § 54:1-35a","heading":"Definitions","body":"a.  The  \"average ratio\"  of assessed to true value of real property for a taxing district for the purposes of this act shall mean that ratio promulgated by the Director of the Division of Taxation pursuant to P.L.1954, c. 86 (C. 54:1-35.1 et seq.), as of October 1 of the year preceding the tax year, as revised by the tax court.\nb.  The  \"common level range\"  for a taxing district is that range which is  plus or minus 15% of the average ratio for that district.\nL.1973, c. 123, s. 1, eff. May 9, 1973.  Amended by L.1979, c. 51, s. 1, eff.  March 21, 1979;  L.1983, c. 36, s. 10, eff. Jan. 26, 1983.","path":["TITLE 54 TAXATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"7cc21a095e5156042ac9639ea7de2db5e8989a705476405c1b71393632a1d13b","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-54-1-35","next":"us-nj/n.j.-stat.-54-1-35b"},"notice":"GroundRules: Original legal text. Not legal advice."}