54:4-3.48. Exemption of blast or radiation fallout shelters
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/nj/title-54/chapter-4/54-4-3-48·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The value of any blast or radiation fallout shelter erected upon real property occupied for residential purposes by not more than 2 families, to the extent that it has enhanced the value of such property, shall be exempt from taxation, provided, however, that such exemption shall not exceed $1,000.00 of the assessed value of such property based at 100% of true value.
L.1962, c. 87, s. 1, eff. June 18, 1962.