[Adopted 8-9-1961 by Ord. No. 441 (Ch.
116, Art. I, of the 1966 Code); amended in its entirety at time of
adoption of Code (see Ch. 1, General Provisions, Art. II)]
Every person who is a citizen and resident of
the State of New Jersey for a period of one year immediately preceding
October 1 of the pretax year, of the age of 65 or more years or, if
not 65 or more years of age, is permanently and totally disabled,
as defined in N.J.S.A. 54:4-8.40, having an income not in excess of
$10,000 per annum and residing in a dwelling house owned by him which
is a constituent part of his real property shall be entitled, on proper
claim being made and allowed therefor, to exemption from taxation
on such real property to an assessed valuation not exceeding $250
in the aggregate, but no such exemption shall be in addition to any
other exemption to which said person may be entitled.
The financial position of the Borough of Montvale
will not be impaired by the exemption so claimed.
The exemption claimed and to be allowed shall
operate to reduce the taxable valuation of real property in the Borough.
All applications for exemption under this article
may be filed on or before November 1 of the pretax year. Such applications
shall be on forms prescribed by the Director, Division of Taxation,
in the Department of the Treasury of the State of New Jersey.
[Adopted 10-12-1960 by Ord. No. 432 (Ch.
116, Art. III, of the 1966 Code)]
All tangible household personal property and
personal effects located within the Borough of Montvale shall not
be assessed and taxed.
This article shall apply to taxes on tangible
household personal property and personal effects due and payable in
the year 1962, and thereafter so long as this article shall be in
effect, and shall not affect the obligation, lien or duty to pay any
taxes, interest or penalties which have accrued or may accrue by virtue
of any assessment made or which may be made with respect to taxes
levied for any year prior to the year 1962, nor shall this article
affect the legal authority to assess and collect taxes which may be
or have been due and payable prior to January 1, 1962, together with
such interest and penalties as would have accrued thereon under any
provisions of law amended or repealed hereby; nor shall this article
invalidate any assessments or affect any proceedings for the enforcement
thereof pending upon the effective date of this article or upon January
1, 1962, or during the period between said dates.
All ordinances or parts of ordinances inconsistent
herewith are hereby repealed.
A certified copy of this article shall be filed
with the Division of Taxation in the Department of the Treasury of
the State of New Jersey, and with the County Board of Taxation of
Bergen County.
This article shall take effect immediately upon
its final passage and publication as required by law, subject to the
provisions herein contained.