N.J. Admin. Code § 18:12-3.1

Current through Register Vol. 56, No. 21, November 4, 2024

Section 18:12-3.1 - Tax exempt list; format and contents

(a) Assessors are required to enter on the exempt property list and duplicate, in the form and content prescribed by the Director of the Division of Taxation, a description of all churches, cemeteries, public buildings, and other real property exempt from taxation with the owner's name and the value of such land and buildings.

(b) The size of the exempt property list and duplicate should be 14 inches x 17 inches or 8 1/2 inches by 11 inches and consist of 14 line items per page.

1. Page headings:

i. Title: "EXEMPT PROPERTY LIST": An identical list shall also be prepared as the assessor's duplicate;

ii. Page number;

iii. Taxing district name and number;

iv. County name and number; and

v. County percentage level.

2. Column headings: The following headings shall appear on the exempt property list.

i. Column 1--Line number: This column assigns a line number to a particular parcel or property for identification purposes.

ii. Column 2--Block number, lot number, qualification code, and account number: Insert the block and lot number of the parcel and the qualification code if any. Qualification codes are shown on the exempt property tax list under the legend. Enter the account number, if used, in this column.

iii. Column 3--Name of facility: Insert building description code, property classification, land dimensions, acreage, and additional lots.

iv. Column 4--Owner's name: Insert the owner's full name and mailing address, the property location by street name and number, billing code, zoning, and the tax map page.

v. Column 5--Identification code: Use the code as shown in the New Jersey Property Tax System Legend by the Division of Taxation. Insert the two digits that denote ownership. Insert the two digits that denote the property purpose or use. Also, insert the three digits that denote specific description.

vi. Column 6--Statute under which exemption claimed: Assessors are required by N.J.S.A. 54:4-27 to state the reasons for exemption for each property to which a tax exemption is allowed. The statute under which an exemption is allowed can be found on Line 13 of a properly executed Initial Statement Form, Form I.S.

vii. Column 7--Filing date of statement: Insert the date on which the initial statement and/or further statement was filed with the assessor's office. A further statement, Form F.S., is required to be filed every third year following the filing of an initial statement to continue receiving the exemption. (See N.J.S.A. 54:4-4.4.)

viii. Column 8--Land value: Insert the true value of the land to which an exemption is granted. This value should be consistent with full values of other real property in the taxing district in the event the exemption is lost and the property is returned to taxable status.

ix. Column 9--Insert the true value of all buildings or improvements to which an exemption is granted.

x. Column 10--Total exempt value: Insert in this column the sum of column 5 and column 9. The total of all exempt property should agree with the total exempt property as shown in the table of aggregates that is filed with the county board of taxation. The exempt property list should be produced in block and lot sequence together with an alphabetical list showing the owner of the exempt property. These lists should be inserted at the back of the tax list and duplicate.

N.J. Admin. Code § 18:12-3.1

Amended by 50 N.J.R. 664(a), effective 1/16/2018