eLaws | eCases | New Jersey Courts | Counties & Cities of New Jersey | Code of Federal Regulations | United States Code |
 Sayreville Borough
 Code of Ordinances
 Chapter XXXIII. TAX EXEMPTIONS AND ABATEMENTS

§ 33-1. DEFINITIONS.  

Latest version.

  • As used in this Chapter, the following terms shall have the meanings indicated:

    Abatement shall mean that portion of the assessed value of a property as it existed prior to construction, improvement or conversion of a building or structure thereon, which is exempted from taxation pursuant to this Chapter.

    Area in need of rehabilitation shall mean a portion or all of a municipality which has been determined to be an area in need of rehabilitation or redevelopment pursuant to the "Local Redevelopment and Housing Law", P.L. 1992, c. 79 (C.40A:12A-1 et al.), a "blighted area" as determined pursuant to the "Blighted Areas Act", P.L. 1949, c. 187 (C. 40:55-21.1 et seq.), or which has been determined to be in need or rehabilitation pursuant to P.L. 1975, c. 104 (C. 54:4-3.72 et seq.) P.L. 1977, c. 12 (c. 54:4-3.95 et seq.), or P.L. 1979, c. 233 (c. 54:4-3.121 et seq.)

    Assessor shall mean the officer of a taxing district charged with the duty of assessing real property for the purpose of general taxation.

    Commercial or industrial structure shall mean a structure or part thereof used for manufacturing, processing or assembling of material or manufactured products, or for research, office, industrial, commercial, retail, recreation, hotel or motel facilities, or warehousing purposes, or for any combination thereof, which the governing body determines will tend to maintain or provide gainful employment within the municipality, assist in the economic development of the municipality, maintain or increase the tax base of the municipality and maintain or diversify and expand commerce within the municipality. It shall not include any structure or part thereof used or to be used by any business relocated from another qualifying municipality.

    Completion shall mean substantially ready for the intended use for which a building or structure is constructed, improved or converted.

    Construction shall mean the provision of a commercial or industrial structure, or the enlargement of the volume of an existing commercial or industrial structure by more than thirty (30%) percent, but shall not mean the conversion of an existing building or structure to another use.

    Exemption means that portion of the assessor's full and true value of any improvement, conversion alteration, or construction not regarded as increasing the taxable value of a property pursuant to this act.

    Improvement shall mean the modernization, rehabilitation, renovation, alteration or repair of a commercial or industrial structure that does not increase the volume of the structure by more than thirty (30%) percent.

    Projects shall mean the construction of a new facility or facilities to be used or occupied by any person for the manufacturing, processing or assembly of material or manufactured products or for research, office, industrial, commercial, retail, recreation or hotel or motel facilities or warehousing, or for any combination thereof, and which the governing body determines will tend to maintain or provide gainful employment within the municipality, maintain or increase the tax base of the municipality and maintain or diversify and expand commerce with the municipality. "Project" shall also mean an enlargement of the volume of an existing structure by more than thirty (30%) percent. Project shall not include any facility or facilities which are the result of a removal of a facility from any other qualifying municipality.

    (Ord. #424-95, § 1)

(Ord. No. 126-10, § 1, 4-26-2010)