[Amended 3-7-1978; 8-16-1983]
There is hereby adopted a system of abatements in determining the value
of real property for the purposes of taxation in the Borough of Glen Gardner,
County of Hunterdon and State of New Jersey. In determining the value of real
property for the purpose of taxation, the Glen Gardner Assessor shall regard
the first $15,000 in full and true value of home improvements for each dwelling
unit primarily and directly affected by a home improvement in any single-
or multiple-dwelling property more than 20 years old, as not increasing the
value of such property for a period of five years, in accordance with N.J.S.A.
54:4-3.72 et seq. and subject to the provisions and amendments thereof.
The system of abatements enacted pursuant to this article shall be effective
throughout the entire corporate limits of the Borough of Glen Gardner, Hunterdon
County, New Jersey.
No exemption authorized pursuant to the provisions of N.J.S.A. 54:4-3.72
et seq., and this enabling article shall be granted or allowed except upon
written application therefor filed with and approved by the Assessor of the
Borough of Glen Gardner pursuant to state law and the rules and regulations
promulgated by the Commissioner of the Department of Community Affairs to
effectuate the purposes of N.J.S.A. 54:4-3.72 et seq.