[Adopted as Title 3, Ch. 3.08, of the 1998 Township Code]
A. 
The Township, subject to required county and state approvals, is acknowledged as a qualified municipality under N.J.S.A. 40A:21-1 et seq.
B. 
The entire Township is designated to participate in said tax abatement on added assessments legislation.
[Amended by Ord. No. 6-97]
All housing units 20 years or older shall have exempt from taxation the first $25,000 of improvements per unit for a period of five years.
The property tax abatement procedure of the Township shall be as provided by statute and by administrative regulation of the Department of Community Affairs.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. III)]
The Township Assessor shall implement the application of such law in the Township and shall accept and receive applications for exemption of improvements as qualify, and shall record such applications and make them a permanent part of the official tax records of the Township. The Township Assessor shall within a year of the adoption of the ordinance codified in this article supply to each residential taxpayer an informational flyer in a form approved by the Department of Community Affairs.