[Adopted 4-14-1977 by Ord. No. MC-1206 (Ch. 510, Art. I, of the 1987 Code)]
[Amended 2-9-1995 by Ord. No. 3070]
Pursuant to the authorization contained in N.J.S.A. 40A:21-5, the Assessor shall be authorized to grant exemptions for improvements to dwellings up to $15,000 as authorized by the statute.
Such amounts shall be deducted from the amount determined by the Tax 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 shall continue to be so treated each of the five tax years subsequent to the original determination of the Tax Assessor.
No exemption allowed herein shall be allowed except upon written application therefor filed with and approved by the Tax Assessor. Every such application shall be on a form provided for the use of claimants by the Tax Assessor and shall be filed with the Tax Assessor within 30 days, including Saturdays and Sundays, following the completion of the improvement.
Every application for exemption of one or more improvements which qualify as improvements with the City of Camden and which is filed within the time specified herein shall be approved and allowed by the Tax Assessor.
The granting of any exemption authorized herein shall be recorded and made a permanent part of the official tax records of the City of Camden. Such record shall contain a notice of the termination date of the exemption and the consequences of transfer of title.