Shall mean the officer of a taxing district charged with
the duty of assessing real property for the purpose of general taxation.
Shall mean substantially ready for the intended use for which
a building or structure is constructed, improved or converted.
Shall mean a property created or recorded as a condominium
pursuant to the "Condominium Act", P.L. 1969, c.257 (C.46:8B-1 et
seq.).
Shall mean 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 the land upon which such
building or buildings are erected and which may be necessary for the
fair enjoyment thereof, but shall not mean any building or part of
a building, defined as a "multiple dwelling" pursuant to the "Hotel
and Multiple Dwelling Law," P.L. 1967, c.76 (C.55:13A-1 et seq.).
A dwelling shall include, as they are separately conveyed to individual
owners, individual residences within a cooperative, if purchased separately
by the occupants thereof, and individual residents within a horizontal
property regime or a condominium, but shall not include "general common
elements" and "common elements" of such horizontal property regime
or condominium as defined pursuant to the "Horizontal Property Act,"
P.L. 1963, c. 163 (C.46:8A-1 et seq.), or the "Condominium Act." P.L.
1969, c.257 (C.46:8B-1 et seq.), or a cooperative, if the residential
units are owned separately.
Shall mean that portion of the Assessor's full and true
value of any improvement, conversion alteration, or construction not
regarded as increasing the taxable value of a property pursuant to
this act.
Shall mean a modernization, rehabilitation, renovation, alteration
or repair which produces a physical change in an existing building
or structure that improves the safety, sanitation, decency or attractiveness
of the building or structure as a place for human habitation 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 pursuant to this act.
In determining the value of real property for the purpose of
taxation, the first $15,000 in the Assessor's full and true value
of improvements for each dwelling unit primarily and directly affected
by the improvement in any dwelling more than 20 years old, shall not
increase the value of the property for a period of five years, notwithstanding
that the value of the property to which the .' improvements are
made is increased thereby.
During the exemption period for dwellings, 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
structure through action of the elements sufficient to warrant a reduction.
The Assessor shall determine, on October 1st of the year following
the date of the completion of an improvement, the true taxable value
thereof. The amount of tax to be paid for the first full tax year
following completion shall be based on the assessed valuation of the
property for the previous year. The property shall continue to be
treated in the appropriate manner for each of the five full tax years
subsequent to the original determination by the Assessor.
Additional improvements completed on a property granted a previous exemption during the period in which such previous exemption is in effect, shall be qualified for an exemption just as if said property had not received a previous exemption. In such case, the additional improvement shall be considered as separate for the purpose of calculating the exemption, provided however, that in any tax year the total exemption for any dwelling or commercial structure shall not exceed the amount set forth in section 25-3 of this chapter.
No exemption shall be granted, pursuant to this chapter with
respect to any property for which property taxes are delinquent or
remain unpaid, or for which penalties for non-payment of taxes are
due.
The exemption of real property taxes provided pursuant to this
chapter shall apply to property taxes levied for municipal purposes,
school purposes, county government purposes, and for the purposes
of funding any other property tax exemption or abatements.
No exemption shall be granted pursuant to this chapter except
upon written application therefor filed with and approved by the Assessor
of the Borough of Pine Hill. Every application shall be on a form
prescribed by the Director of the Division of Taxation in the Department
of the Treasury, and provided for the use of claimants by the governing
body and shall be filed with the Assessor within 30 days, including
Saturdays and Sundays, following the completion of the improvement.
Every application for exemption, which is filed within the time specified,
shall be approved and allowed by the Assessor to the degree that the
application is consistent with the provisions of this chapter, provided
that the improvement for which the application is made qualifies as
an improvement pursuant to the provisions of this chapter. The granting
of an exemption shall be recorded and made a permanent part of the
official tax records of the borough, which record shall contain a
notice of the termination date thereof.
No application for exemption shall be filed for exemptions to
take initial effect for the sixth full tax year commencing after the
tax year in which this chapter is adopted[1] or any tax year thereafter, unless this chapter is readopted
by the governing body pursuant to N.J.S.A. 40a:21-4.
[1]
Editor's Note: This chapter was adopted September 16,
1996 and was thereafter readopted September 18, 2000 and again readopted
October 24, 2005.
