Borough of Palmyra, NJ
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2021-03-01
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Part II, General Legislation
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Chapter 245 Taxation
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Article III Residential Tax Abatement Program
- Part I, Administrative Legislation
- Ch 1 General Provisions
- Ch 4 Assessment, Board of
- Ch 8 Claims Payment Procedures
- Ch 10 Court, Municipal
- Ch 13 Defense and Indemnification
- Ch 17 Economic Development Committee
- Ch 21 Fire Department
- Ch 23 Green Team
- Ch 24 Health, Board of
- Ch 26 Housing Department
- Ch 30 Meetings
- Ch 35 Officers and Employees
- Ch 40 Personnel
- Ch 43 Police Department
- Ch 47 Public Contracts
- Ch 49 Recycling Committee
- Ch 52 Salaries and Compensation
- Ch 54 (Reserved)
- Ch 55 Sewer Utility
- Ch 60 (Reserved)
- Part II, General Legislation
- Ch 68 Alarms
- Ch 70 Alcoholic Beverages
- Ch 72 Amusements and Amusement Devices
- Ch 74 Animals
- Ch 80 Bicycles
- Ch 82 Block Parties
- Ch 86 Buildings, Unsafe or Unfit
- Ch 88 Burning, Open
- Ch 90 Vehicles and Traffic
- Ch 93 Certificates of Occupancy
- Ch 95 Construction Codes, Uniform
- Ch 98 Curfew
- Ch 101 Deer and Game
- Ch 105 Drug-Free Zones
- Ch 114 Fees
- Ch 117 Firearms and Weapons
- Ch 119 Fire Lanes
- Ch 121 Fire Prevention
- Ch 124 Flea Markets
- Ch 126 Flood Damage Prevention
- Ch 127 Food Handling
- Ch 129 Garage Sales
- Ch 131 Gasoline Stations
- Ch 134 Graffiti
- Ch 137 Handbills and Circulars
- Ch 142 Housing Standards
- Ch 149 Indigent Persons
- Ch 153 Junkyards
- Ch 158 Land Development
- Ch 160 Limousines
- Ch 164 Littering
- Ch 168 Loitering
- Ch 173 Mercantile Licensing
- Ch 178 Noise
- Ch 181 Numbering of Buildings
- Ch 183 Palmyra Harbour
- Ch 187 Parking, Handicapped
- Ch 190 Parks and Recreation Areas
- Ch 195 Peace and Good Order
- Ch 197 Peddling and Soliciting
- Ch 200 Pool and Billiard Halls
- Ch 202 Precious Metals, Gems and Secondhand Goods
- Ch 203 Property Maintenance
- Ch 206A Regulation of Vacant Properties
- Ch 208 Rental Property
- Ch 215 Sewers
- Ch 219 Sex Offenders' Residency Restrictions
- Ch 222 Skateboarding
- Ch 224 Smoking
- Ch 226 Soil Removal
- Ch 230 Solid Waste
- Ch 234 Storage Facilities
- Ch 235 Storm Sewer System
- Ch 236 Stormwater Control Regulations
- Ch 237 Streets and Sidewalks
- Ch 240 Swimming Pools
- Ch 242 Tattoos and Body Art Procedures
- Ch 245 Taxation
- Ch 245 Art III Residential Tax Abatement Program
- § 245-8 Definitions.
- § 245-9 Application; allowance; duration.
- § 245-10 Assessment during exemption period.
- § 245-11 Abatement of assessed value.
- § 245-12 Application for exemption.
- § 245-13 Property with delinquent or unpaid taxes.
- Ch 248 Taxicabs
- Ch 252 Tires, Storage of
- Ch 256 Tobacco Products
- Ch 258 Towing
- Ch 259 Trees
- Ch 261 Trespassing
- Ch 264 Vehicles, Abandoned
- Ch 267 Vehicles, Motor-Driven
- Ch 270 Vending Machines
- Ch 271 Outdoor Display of Merchandise
- Part III, Board of Health Legislation
- Ch 275 General Provisions, Board of Health
- Ch 277 (Reserved)
- Ch 285 Plumbing Standards
- Ch 288 Public Health Nuisances
- Ch 292 Retail Food Establishments
- Ch 295 Rodent Control
- Ch 297 Sewer Connections
- Ch 300 Weed Control
- Appendix
- Ch A305 Cable Television Franchise
- Derivation Table
- Ch DT Derivation Table
- Disposition List
- Ch DL Disposition List
[Adopted 8-11-1997 by Ord. No. 1997-7 (Ch.
81A, Art. I of the 1971 Code)]
The terms defined in N.J.S.A. 40A:21-1 et seq.
shall have the same meanings when used in this article.
The Tax Assessor, upon the timely receipt of
the proper application for a residential dwelling property more than
20 years old and the verification of the residential dwelling property
owner of the information contained therein, shall, in determining
the value of the real property, regard the first $25,000 of true value
of the improvements as not increasing the taxable value of the residential
dwelling property for a period of five years.
During said exemption period, the assessment
on the property shall not be less than the assessment thereon existing
immediately prior to the improvements unless there is damage to the
dwelling through the action of the elements sufficient to warrant
a reduction.
In addition to any exemption granted hereunder,
the Tax Assessor shall also provide an abatement of the assessed value
of the property receiving the improvement, as it existed immediately
prior to the improvement. Said abatement shall not exceeding 30% of
the amount of the exemption for five years.
No exemption shall be granted or allowed except
upon written application therefor filed with the Tax Assessor of the
Borough of Palmyra. Action by the Tax Assessor on such application
shall be in compliance with the applicable laws of the State of New
Jersey together with the standards, guidelines, rules and regulations
promulgated by the Commissioner of the Department of Community Affairs.
Applications filed pursuant to this article shall, if approved, take
initial effect for the first tax year after the application is filed.
No tax abatement or exemption shall be granted
with respect to any property for which property taxes are delinquent
or remain unpaid or for which penalties for nonpayment of taxes are
due.
