N.J.S.A. 54:4-3.48

Exemption of blast or radiation fallout shelters

54:4-3.48. Exemption of blast or radiation fallout shelters 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.

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This is the verbatim text of N.J.S.A. 54:4-3.48, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 54:4-3.48 — Exemption of blast or radiation fallout shelters | Kyzer