[Adopted 1-23-1992 by Ord. No. MC-2730 (Ch. 510, Art. III, of the 1987 Code)]
As used in this article, the following terms shall have the meanings indicated:
ABATEMENT
An exemption from real property taxes provided for the purposes of encouraging residential construction, conversion, improvement and redevelopment pursuant to this article.
COMPLETED (with respect to a parcel of qualified property or the completion of that property)
Substantially ready for the use for which it is intended and its occupancy as a principal residence.
IMPROVEMENT
The modernization, rehabilitation, renovation, alteration or repair of a structure that does not increase the volume of the structure by more than 30%, pursuant to this article.
QUALIFIED MUNICIPALITY
A municipality in which an urban enterprise zone or part of an urban enterprise zone has been designated pursuant to the New Jersey Urban Enterprise Zones Act, P.L. 1983, c. 303 (N.J.S.A. 52:27H-60 et seq.), and shall include the entire area within the corporate boundaries of that municipality, whether or not that area is included within an urban enterprise zone. For the purpose of this article, the City of Camden is deemed to be a "qualified municipality."
QUALIFIED RESIDENTIAL PROPERTY
Any building used or to be used or held for use as a home or residence, including accessory buildings located on the same premises. No building shall be considered a "qualified residential property" if the certificate of occupancy for the construction, conversion, rehabilitation or renovation was issued on or before the date falling 30 months prior to the effective date of this article.
In providing for tax abatements for improvements in areas in the City of Camden, the City may authorize abatements for improvements on an individual basis after review, evaluation and approval of each application by the City of Camden. For applications requiring review and approval by the City Council, the City of Camden may require the applicant to submit such information as it deems appropriate, but in no event shall the City require the submission of information more detailed than that required for a tax abatement pursuant to N.J.S.A. 54:4-3.139 et seq.
All tax abatement agreements entered into by the City of Camden pursuant to the terms of this article shall be in effect for a period of not more than five years starting with the date of completion of the project.
A. 
The required payments shall be made in quarterly installments according to the same schedule as real property taxes are due and payable. Failure to make these payments shall result in the termination of the abatement. In addition to the remedy set forth herein, the requirements imposed shall be enforced in the same manner as is provided for real property taxes pursuant to Title 54 of the Revised Statutes of the State of New Jersey.
B. 
In addition to the payments required in lieu of taxes, the owner of a parcel of qualified property granted an abatement pursuant to this article shall be liable for all real property taxes assessed and levied against the land on which the qualified residential property is situated.
No abatement 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.
No abatement shall be granted except upon written application filed with the Assessor of the City of Camden, and which is then made and approved by City Council. Every application shall be on a form prescribed by the Director of the Division of Taxation, in the Department of the Treasury, and shall be filed with the Assessor within 30 days, including Saturdays and Sundays, following the completion of the improvement or conversion alteration or the effective date of this article, whichever is later. Every application for an abatement which is filed within the time specified may be approved and allowed by the Assessor to the degree that the application is consistent with the provisions of this article, provided that the property for which the application is made constitutes qualified residential property pursuant to the provisions of this article. An abatement that is granted shall take effect upon the issuance of a certificate of occupancy to the owner and it shall be recorded and made a permanent part of the official tax records of the City of Camden, which record shall contain notice of the termination date of the abatement.
The added assessment provisions of Section 3 of P.L. 1941, c. 397 (N.J.S.A. 54:4-63.3), and the omitted assessment provisions of Section 9 of P.L. 1947, c. 413 (N.J.S.A. 54:4-63.20), and Section 1 of P.L. 1968, c. 184 (N.J.S.A. 54:4-63.31), shall not be applicable to any property for which the owner-occupant has been granted a tax abatement under this article.
A. 
To be eligible for an abatement, a dwelling house shall be occupied by the owner thereof; if the requirements of this section are not satisfied the annual payment in lieu of taxes on the unit or dwelling house shall be increased by 1% above the amount otherwise chargeable under § 753-16 of this article.
B. 
In the case of an abatement for the conversion of a building or structure to qualified residential property, the building or structure so converted may include, but need not be limited to, commercial or industrial buildings or structures or underutilized school buildings.
When an urban redevelopment project, approved pursuant to Section 19 of P.L. 1961, c. 40 (N.J.S.A. 40:55C-58), includes the construction of qualified residential property within the City of Camden, the urban renewal corporation or association carrying out the project may, upon completion of that qualified residential property, make application for tax abatements under this article on behalf of prospective purchasers of dwelling units, whether the units are owner-occupied or investor owned.
A. 
Applicants should set forth in their applications the following:
(1) 
The designated block and lot numbers as they appear on the Official Tax Map of the City for the project.
(2) 
Whether the abatement being sought is for a new structure or rehabilitation of an existing structure.
(3) 
Date of completion.
(4) 
Total cost of the project.
(5) 
Whether or not there were any prior and/or current abatements and/or exemptions for the subject property.
(6) 
Whether the claimant is or is not an urban renewal corporation or association sponsor.
(7) 
Whether the structure is a dwelling house.
(8) 
Whether the claimant is or is not the occupant of the premises with respect to which the claim is made.
(9) 
A request for the five-year phase-in abatement.
(10) 
Such other pertinent information as the City Council may require.
B. 
Upon review and evaluation of the Director of Economic Development, each application will be submitted to the City Council.
A. 
Approval for each project will be by ordinance authorizing an agreement for a tax abatement pursuant to N.J.S.A. 54:4-3.139, authorizing the City of Camden to enter into a written agreement with the applicant for the abatement of local real property taxes. The agreement shall provide for the applicant to pay to the City of Camden, in lieu of full property tax payment, an amount annually to be computed by the following formula. Tax phase in: the agreement shall provide for the applicant to pay to the City of Camden, in lieu of full property tax payments, an amount equal to a percentage of taxes otherwise due, according to the following schedule:
[Amended 3-12-1992 by Ord. No. MC-2746]
(1) 
In the first full calendar tax year after completion: no payment in lieu of taxes otherwise due.
(2) 
In the second tax year following completion: an amount not less than 20% of taxes otherwise due.
(3) 
In the third tax year following completion: an amount not less than 40% of taxes otherwise due.
(4) 
In the fourth tax year following completion: an amount not less than 60% of taxes otherwise due.
(5) 
In the fifth tax year following completion: an amount not less than 80% of taxes otherwise due.
(6) 
In the sixth tax year and all subsequent tax years following completion: 100% of taxes otherwise due.
B. 
For the purposes of this section, the amount of taxes otherwise due shall be determined by including the appropriate percentage of the assessed valuation of the abated structure, improvement or conversion alteration, as the case may be, on the assessment list of the City of Camden as taxable property and levying taxes thereon in the same manner as other taxes are levied pursuant to Chapter 4 of Title 54 of the Revised Statutes of the State of New Jersey; provided, however, that no value for a property subject to the provisions of this article shall be included in the calculation of the net valuation on which county taxes are apportioned until the sixth, 11th or 16th year, as appropriate.