[HISTORY: Adopted by the Township Council
of the Township of Moorestown as indicated in article histories. Amendments
noted where applicable.]
[1]
Editor's Note: This ordinance also repealed former Ch. 164, Art. I, Tax Abatement for Housing Units, adopted 6-11-1969 by Ord. No. 980. Ordinance No. 1680-93 also provided, however, that Ch. 164 remain "in effect for exemptions and abatements granted pursuant thereto until such exemptions and abatements shall expire."
As used in this article, the following terms
shall have the meanings indicated:
That portion of the assessed value of the property as it
existed prior to construction, improvement or conversion of a building
or structure thereon which is exempted from taxation pursuant to N.J.S.A.
40A:21-1 et seq.
A building or part of a building used, to be used or held
for use as a home or residence, including accessory buildings located
on the same premises, together with land upon which such building
or buildings are erected and which may be necessary for fair enjoyment
thereof, but shall not be any building or part of a building defined
as a "multiple dwelling" pursuant to N.J.S.A. 55:13A-1 et seq. A dwelling
shall include, as they are separately conveyed to individual owners,
individual residences within a horizontal property regime or a condominium
but shall not include "general common elements" or "common elements"
of such horizontal regime or condominium.
A modernization, rehabilitation, renovation, alteration or
repair which produces a physical change in the existing building or
structure that improves the safety, sanitation, decency or attractiveness
of the building or structure as a place for human habitation or work,
and which does not change its permitted use. In no case shall it include
the repair of fire or other damage to a property for which payment
of a claim was received by any person from an insurance company at
any time during the three-year period immediately preceding the filing
of an application.
The Tax Assessor, upon the timely receipt of
the property application for a property more than 20 years old, and
verification 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 property
for a period of five years.
During said exemption period, the assessment
on the property shall not be less than the assessment which existed
immediately prior to the improvements, unless there is damage to the
dwelling through the action of the elements sufficient to warrant
a reduction, or an abatement is granted under this article.
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 exceed 30% of the amount of the exemption for five years.
Applications filed pursuant to this article
shall, if approved, take initial effect for the first full tax year
after the application is filed.
[Adopted 12-13-2010 by Ord. No. 29-2010]
A.
The Tax Collector shall charge a lienholder of a tax lien the maximum
fee permitted by N.J.S.A. 54:5-97.1 for the calculation of the amount
due to redeem the tax lien.
B.
Any request for a redemption calculation shall be submitted in writing
to the Tax Collector and must specify the date to be used for the
calculation, which shall be the date of the notice.
C.
The fee paid to the municipality shall not become part of the lien
and shall not be passed on to any party entitled to redeem pursuant
to N.J.S.A. 54:5-54.
A.
The Tax Collector shall provide to any party entitled to redeem a
certificate pursuant to N.J.S.A. 54:5-54 two calculations of the amount
required for redemption within a calendar year at no cost. For each
subsequent calculation requested of the Tax Collector by the same
party, the Tax Collector shall charge the maximum fee permitted by
N.J.S.A. 54:5-54.
B.
Any request for a redemption calculation shall be submitted in writing
to the Tax Collector and must specify the date to be used for the
calculation, which shall be the date of the notice.
C.
The fee paid to the municipality shall not become part of the lien
and shall not be passed on to any party entitled to redeem pursuant
to N.J.S.A. 54:5-54.
Neither the tax collector nor the municipality shall be liable
for an incorrect calculation.
All fees collected shall be deposited into the municipal treasury.
