New Jersey Senate Bill 725: Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes.

New Jersey · 2026-2027 Regular Session

What it does

Permits municipalities to acquire real property that is abandoned, vacant, or subject to unpaid taxes.

Reported from Senate Committee with Amendments, 2nd Reading (2026-06-11)