[Adopted 12-30-1976 by Ord. No. 76-11 (Ch.
85, Art. I, of the 1974 Township Code)]
This article shall be known as the "Oxford Township
Home Improvement Taxation Exemption Ordinance."
The following words and terms, when used in
this article, shall have the following meanings, unless the context
clearly indicates otherwise:
A written request for the exemption filed with the Tax Assessor
on forms devised by the Director of the Division of Taxation.
The Oxford Township Tax Assessor.
That portion of any increased assessed value of real property
which directly resulted from improvements made thereon.
Substantially ready for the use for which it was intended.
Any 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 (N.J.S.A. 55:13A-1 et seq.). A "dwelling" shall include individual
residences within a horizontal property regime or a condominium but
shall not include general common elements or common elements of such
horizontal property regime or condominium as defined pursuant to the
Horizontal Property Act (N.J.S.A. 46:8A-1 et seq.) or the Condominium
Act (N.J.S.A. 46:8B-1 et seq.).
[Amended 10-21-1993 by Ord. No. 93-11]
That amount to be deducted from the Assessor's full and true
value of home improvements.
The improvement of a dwelling which does not change its permitted
use, and shall include the modernization, rehabilitation, renovation,
alteration or repair of a dwelling.
Real property must meet the following qualifications
in order to gain the exemption:
A.
It must contain a building (or buildings) which was
constructed more than 20 years prior to the time of application for
the exemption and is used or being held for use, in whole or in part,
as a home or residential dwelling which is a constituent part of the
real property.
B.
The application must be filed with the Assessor within
30 days, including Saturdays and Sundays, following the completion
of the improvements.
A.
In determining the value of real property for the
purposes of taxation, the Assessor shall regard the first $10,000
in Assessor's full and true value of home improvements for each dwelling
unit primarily and directly affected by a home improvement in any
single- or multiple-dwelling property more than 20 years old as not
increasing the value of such property for a period of five years,
notwithstanding that the value of the dwelling to which such improvements
are made is increased thereby; provided, however, that during said
period the assessment on such dwelling shall in no case, except that
of damage through action of the elements sufficient to warrant reduction,
be less than the assessment thereon existing immediately prior to
such home improvements.
[Amended 10-21-1993 by Ord. No. 93-11]
B.
Such amounts may be deducted from the amount determined
by the Assessor on October 1 of any year following the date of the
completion of the improvement to be the true taxable value of the
improvement and may continue to be so treated for each of the five
tax years subsequent to the original determination by the Assessor.
C.
Additional improvements completed during a period in which the improved property is subject to previously granted exemption privileges, or exemption and abatement privileges, in an amount less than the maximum deductions permissible hereunder shall be qualified for additional deduction privileges, or additional exemption and abatement privileges, under the terms and conditions herein specified; provided, however, that in no tax year shall the total deduction or annual abatement for any single property exceed the maximum amount specified in Subsection A hereinabove.
[Amended 10-21-1993 by Ord. No. 93-11]
The following conditions shall apply to all
claims for the exemption at the time of application:
A.
Claims for the exemption shall be in writing upon
forms prescribed by the Director of the Division of Taxation and must
be filed with the Tax Assessor within 30 days following completion
of the home improvement.
B.
The Tax Assessor shall provide copies of the prescribed
application forms at the request of any claimant.
C.
When required by the Assessor, claimants for the exemption
must submit such data in support of their claims as he might request.
D.
Additional claims for the exemption may be submitted
and approved with regard to dwellings with respect to which a previous
home improvement exemption was granted in an amount less than $10,000;
provided, however, that the total deduction for any dwelling unit
shall not be in excess of the maximum of $10,000.
[Amended 10-21-1993 by Ord. No. 93-11]
The following procedures shall apply upon allowance
of exemption:
A.
Every application for exemption of one or more improvements
which qualify shall be approved and allowed by the Assessor, but in
no case may the exemption exceed the maximum of $10,000 per dwelling
unit.
[Amended 10-21-1993 by Ord. No. 93-11]
B.
A claim for the exemption, once filed on the prescribed
form and allowed by the Assessor, shall continue in force for a period
of five years following January 1 of the year in which the exemption
was allowed.
C.
The granting of any exemption shall be recorded and
made a permanent part of the official tax record.
D.
With respect to improvement or improvements which
do not qualify, the Assessor shall notify the claimant of the disallowance
of the claim, in writing, within 20 days after disallowance and shall
note therein the specific reasons for the disallowance.
