{"data":{"id":"us-nj/n.j.-stat.-app.a-4-9","jurisdiction":"us-nj","citation":"N.J. Stat. § App.A:4-9","heading":"Payment in lieu of taxes;  default","body":"2.  The owner of such lands so herein exempt from taxation shall pay to the  municipality within whose confines such land or any part thereof is located,  during the time said property shall be exempt, an annual payment in lieu of  taxes equal to five per cent (5%) of the amount paid to the state for its  interest in that portion of the lands located in said municipality and so described in the indenture between the government of the United States and the obligor, said sum to be paid in semiannual installments on the first day of June and December of each year of said exemption period.  Should default be made in said payments and continue for a period of ninety (90) days thereafter,  then the exemption herein granted shall cease and said property enter the tax  ratables of the municipality within which it is located.  The said percentage  herein required to be paid to such municipality or municipalities shall be  disbursed by it in the same manner as tax receipts.\n(L.1934, c. 143, s. 2, p. 376.)","path":["TITLE 59 CLAIMS AGAINST PUBLIC ENTITIES"],"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":"074fea210b032ab2d05f7729dea311ae9caefb6a69f567500d08541750535f7d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-app.a-4-8","next":"us-nj/n.j.-stat.-app.a-4-10"},"notice":"GroundRules: Original legal text. Not legal advice."}