[Adopted 12-21-1983 by Ord. No. 1983-12 as Ch. 127 of the 1983 Code]
There is hereby created in the Township of Florence a Home Improvement Tax Abatement Program.
Pursuant to the provisions of N.J.S.A. 54:4-3.72 et seq., as amended and supplemented, in determining the value of real property for the purposes of taxation throughout the Township of Florence, the first $10,000 in the Tax Assessor's full and true value of home improvements for each dwelling unit primarily and directly affected by a home improvement in a single-dwelling property more than 20 years old shall not increase the value of such property for a period of five years, notwithstanding that the value of the dwelling to which such improvements are made is increased thereby; provided, however, that during said period, the assessment on such dwelling shall, in no case, except through damage by the elements sufficient to warrant a reduction, be less than the assessment thereon existing immediately prior to such home improvements.
No exemption shall be granted or allowed except upon written application therefor filed with the Tax Assessor of the Township of Florence. Action by the Tax Assessor on such application shall be in compliance with N.J.S.A. 54:4-3.72 et seq.,[1] together with the standards, guidelines, rules and regulations promulgated by the Commissioner of the Department of Community Affairs.
[1]
Editor's Note: Said law was repealed by L. 1991, c. 441, § 22, effective 1-18-1992. See now N.J.S.A. 40A:21-1 et seq.