As used in this article, the following terms shall have the
meanings indicated:
The officer of the Township of Winslow charged with the duty
of assessing real property for the purpose of general taxation.
Substantially ready for the use for which an improvement
is intended.
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 said building
or buildings are erected and which may be necessary for the fair enjoyment
thereof, but shall not include a building or part of a building defined
as a "multiple dwelling" pursuant to the Hotel and Multiple Dwelling
Law, P.L. 1967, c. 76.[1] 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 residences
within a horizontal property regime or a condominium, but shall not
include "general common elements" or "common elements" thereof where
residential units are owned separately.
Home improvement exclusions, nonqualifying improvements include,
but are not limited to, any and all accessory buildings/improvement:
detached garages, carports, sheds, pools, barns, stables, pole barns,
and farm sheds.
A modernization, rehabilitation, renovation, alteration or
repair of a dwelling which produces a physical change in the existing
building or structure that improves the safety, sanitation, decency
and attractiveness of the building or structure as a place for human
habitation and which does not change its permitted use.
[1]
Editor's Note: See N.J.S.A. 55:13A-1 et seq.
A.
In determining the value of real property for the purpose of taxation,
the first $25,000 of the Tax Assessor's full and true value of improvements
made to each dwelling primarily and directly affected by completion
of an improvement in any single or multidwelling property more than
15 years old shall be regarded as not increasing the value of such
property for a period of five years, notwithstanding that the value
of the dwelling to which said improvements are made has increased
thereby. In no event, however, shall the assessment during that period
be less than the assessment thereon existing immediately prior to
such home improvements unless there shall be destruction through the
action of the elements sufficient to warrant a reduction.
B.
Exception. Eligibility for a tax abatement pursuant to this article
shall not apply, and a tax abatement applied to any property pursuant
hereto shall automatically terminate, during any tax year in which
a municipal-wide property revaluation takes effect in accordance with
the New Jersey Tax Law, it being the intent and purpose that the revaluation
year tax assessment shall include and/or account for the value of
improvements that are otherwise eligible for abatement in accordance
with this article.
The true taxable value of improvements up to $25,000 shall be
deducted by the Tax Assessor on October 1 of any year, following the
completion of the improvements, and shall continue to be so treated
for a total of five successive tax years including the initial tax
year for which the original determination by the Tax Assessor was
made.
Additional improvements completed during the period in which
the improved property is subject to a previously granted abatement
under this article in an amount less than the maximum abatement amount
shall likewise qualify for abatement pursuant to this article, provided
that in no year shall the total abatement for any single property
exceed $25,000.
A property owner and/or claimant seeking an abatement pursuant
to this article shall file a written application with the Tax Assessor
in the form required by the Township.
