[Adopted 9-5-1979 by Ord. No. 56-1979]
As used in this article, the following terms shall have the
meanings indicated:
A premise which is used by its owner solely for his permanent
residence.
Any district listed in Subsection 4-101c of Ordinance No.
27 of 1979.[1]
A person who qualifies for a senior citizen deduction, pursuant
to N.J.S.A. 54:4-8.40 et seq.
Any citizen who has his permanent residence located within a
Resort Commercial District, which premises is used solely for his
residence and has been so used by him since October 1, 1977, and qualifies
for a senior citizen's deduction, pursuant to N.J.S.A. 54:4-8.40 et
seq. shall qualify under this article for a tax deferral.
Any party who qualifies for a tax deferral will only be required
to pay an amount equivalent to his tax obligation for the year of
1978. The balance of the taxes due and owing for any subsequent tax
year which is over and above the 1978 obligation will be deferred
by the city.
Upon the payment of an amount equivalent to his 1978 tax obligation
by a person qualifying under this article, the taxes for the current
year shall be considered paid by the Tax Collector. The amount unpaid
shall form a tax deferral lien, which lien shall be kept on record
in the Tax Collector's office and shall be reported on any requested
tax search.
The tax deferral lien shall become due and payable, without
interest, immediately upon the demise of the taxpayer or upon the
sale of his residence, whichever event occurs first. In no event shall
the taxpayer's deferral lien exceed the proceeds of the bona fide
sale of the taxpayer's residence. In the case of a sale that is not
bona fide, the taxpayer's obligation shall be limited to the assessment
value on the date of conveyance.
A.
Any party wishing to qualify for these benefits shall file an application
with the Tax Collector's office on or before December 31, 1979.
B.
Applications having been filed with and allowed by the Tax Collector
on and after the effective date of this article shall continue in
force from year to year and thereafter without the necessity for further
application, so long as the taxpayer shall be entitled to a senior
citizens' deduction and otherwise qualify under this article. However,
the taxpayer shall be required yearly, by a post-tax-year statement,
to establish his compliance with all prerequisites for eligibility
for a tax deferral for the ensuing tax year. The City may at any time
require a filing of a new application by a taxpayer to establish his
right to a continuance of a deferral. It shall be the duty of every
claimant to inform the City of any change in his status or property
which may affect his right to continuance of such deferral.
In the case of a married couple, both the husband and wife shall
be considered taxpayers. In order to qualify under this article, it
will be necessary that only one of them so qualify. In the case of
the demise of one, the other must qualify individually to maintain
the deferral.
A senior citizen, as defined herein, shall qualify for an annual
deduction of $250 from municipal real property taxes.
It is mandated that on or before July 1, 1981, this article
shall be reviewed and reevaluated, and this shall be done on or before
July 1, every two years thereafter.
